ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Mar 24 10:07

So-called "balanced budget" shows the GOP has money to kill

Shock and awe describes the budgets issued last week by Republicans in the House and Senate. The shock is that the GOP never stops trying to destroy beloved programs like Medicare. Awe-inspiring is their audacity in describing their killing plans as moral.

Mar 24 09:15

Important Gold Chart Everyone Must See

Mar 24 09:08

The Grim Future of the American Worker

Mar 24 09:05

FEMA TO DENY FUNDS TO WARMING DENIERS

The Federal Emergency Management Agency is making it tougher for governors to deny man-made climate change. Starting next year, the agency will approve disaster-preparedness funds only for states whose governors approve hazard-mitigation plans that address climate change. This may put several Republican governors who maintain that the Earth isn't warming due to human activities, or prefer to take no action, in a political bind. Their position may block their states' access to hundreds of millions of dollars in FEMA funds. In the last five years, the agency has awarded an average $1 billion a year in grants to states and territories for taking steps to mitigate the effects of disasters

Mar 24 07:41

Quarter of Alexandria bakeries halt work over pay delay

A quarter of bakeries in Egypt's second-largest city of Alexandria have been forced to stop operations after the state failed to pay them their dues for subsidised bread, and are threatening a wider strike if the problem is not solved within days, an official told Al-Ahram Arabic news website.

Mar 24 07:29

George Soros Warns Greece "Is Going Down The Drain"

In a recent Bloomberg report Soros says: “You can keep on pushing it back indefinitely,” making interest payments without writing down debt, Soros said. “But in the meantime there will be no primary surplus because Greece is going down the drain.”

Soros said in January 2012 that the odds are in the direction of Greece leaving the euro region.

“Right now we are at the cusp and I can see both possibilities,” he said in Tuesday’s interview.

Mar 24 07:17

Smart Meter Information Consumers Should Know

Catherine J. Frompovich
Activist Post

Over the course of a year that my electric power company in suburban Philadelphia, Pennsylvania, has been installing AMI Smart Meters on homes in my area, I have been able to keep one off my house by placing a “No Permission Granted to Install Smart Meter” sign on the meter along with a padlock on the meter latch. Early in February of 2015, I received what I perceived as a threatening letter to my health, safety, and well-being, that if I don’t give PECO permission to install a Smart Meter, my electric power will be turned off, and not because I’ve not paid my bill! No utility bill wherever my late husband or I have lived ever was missed or even made as a late payment! So, I’ve decided to tell my story of what’s been going on in the USA about Smart Meters...

Mar 24 06:32

Former OMB Director David Stockman Warns: THE END IS NEAR

David Stockman, who once worked as Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan, and whose work at Contra Corner we often post at SGT Report, made an appearance on Neil Cavuto’s Fox Business Channel show recently where he took the hardcore economic facts to the American people, warning that time for the US Dollar and the debt-riddled US economy is running very, very short.

Mar 24 06:29

Fruits of Victory: EU Parliament Approves Another 1.8 Billion Euro Loan to Ukraine

EU has managed to win Ukraine for its sphere of influence. Maybe it will soon wish it had not?

Mar 24 04:59

Banks Rating: A Choppy Year Ahead...

Mar 23 20:09

Think New York City's stop-and-frisk practices were bad? Check out Chicago's police stops.

only recorded stops that didn't lead to arrests or tickets.

Mar 23 16:38

Hyperinflation is a Process

Hyperinflation is a process; a positive feedback loop that once entered is very hard to get out of. This process can go on for years. In the feedback loop the more the central bank prints money and buys bonds, the less other people want to hold bonds.

Enter widespread loss of confidence.

At the same time, the less other people hold bonds, the more the central bank has to buy them so that the government has enough money to spend. This feedback loop can also be called a death spiral, chain reaction, tipping point; like an avalanche, slippery slope, or a debt bomb. Once the conditions are right, it can just go off.

Mar 23 15:03

Cypriots Stone Bank of Cyprus On "Depositor Haircut" Anniversary

Mar 23 15:02

Fighting The "War on Terror" By Banning Cash

It was just a matter of time before Western governments used the trumped up "War on Terror" as an excuse to drastically ratchet up the very real war on the use of cash and personal privacy that they are waging against their own citizens.

Taking advantage of public anxiety in the wake of the attacks on Charlie Hebdo and a Jewish supermarket, France has taken the first step. It seems the terrorists involved partially financed these attacks by cash, as well as by consumer loans and the sale of counterfeit goods. What a shockeroo!

The terrorists used CASH to purchase some of the stuff they needed--no doubt these murderers were also shod and clothed and used cell phones, cars, and public sidewalks during the planning and execution of their mayhem. Why not restrict their use? A naked , barefoot terrorist without communications is surely less effective than a fully clothed and equipped one.

Mar 23 14:52

Critics sue to stop ECB bond-buying

Three German businessmen are seeking to block the European Central Bank's controversial bond purchase programme, arguing it oversteps the bank's mandate.

Mar 23 12:35

Forum -- What You Really Need to Know About Foreclosure in Washington State.

Monday, March 23, 2015

KingCast and Mortgage Movies Present: Forum -- What You Really Need to Know About Foreclosure in Washington State.

Sometimes you have to redifine what winning is......This is an ongoing series sponsored by Greater Seattle attorneys and real estate professionals including, but not limited to Kreg Kendall, Michelle Darnell, Jeff Jared, Esq. and Ha Dao, Esq. Stay tuned for more information.

Mar 23 10:20

9 BILLIONAIRES ARE ABOUT TO REMAKE NEW YORK’S PUBLIC SCHOOLS—HERE’S THEIR STORY

Hedge-fund manager Whitney Tilson stands at a Harvard club podium in midtown Manhattan, facing a room full of investors eating eggs and bacon, and eager to learn more about charter schools. The walls of the wood-paneled room are lined with the portraits of Tilson’s Harvard forefathers. Above the podium where Tilson stands hangs an ornamental gold ship, swaying. In the corner of the room is a large screen, on which the logos of the day’s sponsors, the Bill and Melinda Gates Foundation and the Walton Family Foundation, float like guardian angels. Two large stone fireplaces dominate the west end of the room. Their exaggerated mantelpieces are each decorated with two empty crests and a laurel—symbols of power drained of any purpose.?

Mar 23 09:13

Protests Target Gates Foundation Secret Meeting on Africa’s Seed Systems

The Bill and Melinda Gates Foundation (BMGF) and the United States Agency for International Development (USAID) are sponsoring a secret meeting Monday in London to promote a recent report detailing in clear terms how to privatize the seed and agricultural markets of Africa– without African stakeholders having a seat at the table...

Mar 23 09:06

THE SILVER MANIFESTO — David Morgan

Mar 23 08:47

Washington Blinks: Will Seek Partnership With China-Led Development Bank

Don’t look now, but Washington just blinked. As we’ve documented exhaustively over the past week, pressure has been building steadily for the US to strike some manner of conciliatory tone towards China with regard to the Asian Infrastructure Investment Bank, a China-led institution aimed at rivaling the US/Japan-backed ADB. Britain’s decision to join China in its new endeavor has prompted a number of Western nations to throw their support behind the bank ahead of the March 31 deadline for membership application. Because the AIIB effectively represents the beginning of the end for US hegemony, the White House has demeaned the effort from its inception questioning the ability of non-G-7 nations to create an institution that can be trusted to operation in accordance with the proper “standards.”

Webmaster's Commentary: 

The days of "either-or" with regard to the dollar just ended, and with it, one of the major reasons for the wars.

Mar 23 07:25

George Osborne’s Budget will threaten workers' retirement funds with 55% stealth tax

Analysts say proposals in Chancellor George Osborne’s Budget will hit not just the rich, but also those on more modest incomes.

Mr Osborne claimed a move to lower the “lifetime allowance” – the maximum that can be saved into a pension pot before a 55 per cent penal tax kicks in – from £1.25million to £1million, would affect “fewer than four per cent” of people. But experts argue that the allowance has now almost halved from £1.8million since 2010 and the tax will hit older savers who have built up their pension pots over many years.

Greg Kingston, of Suffolk Life, part of Legal & General, said: “Even a 21-year-old on the forthcoming higher minimum wage of £6.70 per hour who works a 35-hour week and puts 20 per cent of their earnings into a pension, by the time they are 67, could easily have reached this limit.”

Mar 23 07:23

Washington just dipped into retirement savings to fund itself

You know things are getting bad when your government begins to stick its hand into retirement accounts just so that it can remain solvent for a few more months.

With the debt limit about to come back into full swing at a staggering $18.1 trillion this week, Treasury Secretary Jack Lew has undertaken drastic measures to kick the can down the road until later this year.

One such plan to fund the government includes raiding the Thrift Savings Plan (TSP), a 401(k)-style retirement savings plan set up for federal employees.

Webmaster's Commentary: 

The US Government has now emptied the Social Security trust fund and is starting to loot the retirement accounts of their own employees! I remember back in the 1990s when I first called attention to what was going on there was this one poster from a .gov domain who kept attacking me and insisting that the government had the right to spend social security funds as general revenues. Now that it is his own retirement being embezzled, I wonder if he has changed his mind! :)

Mar 23 07:16

Banks Threatening Chicago with a Detroit Like Collapse?

Sen: Rahm’s reelection is essential to maintaining the value of Chicago’s debt market

Re-elect Rahm or Else?

-Vote Fix is in?

03/22/15

-Emanuel has 16-point lead

-Chicago Tribune, Sun-Times endorse Emanuel

Mar 23 07:13

As Real Estate investing picks up..What You Need to Know Before Buying a House

When you’re in the market for a new home, house hunting is quite an exciting event. Floor plans, appliance colors, and backyards quickly become an obsession during the process.

You may even find yourself thinking about houses at night when you’re trying to fall asleep, and during the day when you’re trying to work. I know I did!

Mar 23 07:10

The Federal Reserve Bank Must Be Destroyed

During the years of the Roman Republic, Cato the Elder ended every speech with the phrase “Delanda est Carthago” (Carthage must be destroyed). Rome had fought two wars with Carthage, yet the threat to the Republic remained. Cato saw Carthage as an existential threat and concluded that Rome would not be secure as long as Carthage existed. So fervently did he hold this view that he ended every speech, even about completely different subjects, with the famous phrase. I believe that we Austrians need to adopt a similar phrase to remind the American people that the US faces an existential threat from the machinations of the Federal Reserve Bank. “Delanda est in Susidium Foederatum Bank”…The Federal Reserve Bank must be destroyed. Like Carthage, the Federal Reserve Bank cannot be controlled or restrained. Either it or our republic will survive, but not both. For the sake of our nation, the Fed must be destroyed.

Mar 23 07:05

THE REAL REASON THE AMERICAN DREAM IS UNRAVELING

Marketwatch posted an article this week titled Why the American Dream is Unraveling, in 4 charts. As usual, the MSM journalist and the liberal Harvard academic can create charts that reveal a huge problem, but they completely misdiagnose the causes and offer the typical wrong solution of taking more money from producers and handing it to the poor, with no strings attached. This has been the standard operating procedure since LBJ began his War on Poverty 50 years ago. Do these control freaks ever step back and assess how that war is going?

Mar 23 06:51

Spiegel Goes There: "Hitler's Hordes" Respond To Greece, Send The Nazis, And Merkel, To The Acropolis

Just over a week ago, when the bipolar, schizoid relationship between Greece and Germany was in the "we demand reparations for Nazi crimes" stage, we reported that the Greek Prime Minister threatened the seizure of German assets in response for “crimes of Third Reich and Hitler’s hordes."

We noted that it was only a matter of time before Germany's peculiar sense of humor struck back (and not just with a fake video explaining how the allegedly fake Varoufakis middle finger was faked), and sure enough here comes Spiegel with "How Europeans look at the Germans — The German Superiority" or ""The German Übermacht", in which Spiegel decided to send over Merkel along with Field Marshal Walther von Brauchitsch and a a few other nazis right in the middle of the Acropolis.

Mar 23 02:59

Vladimir Putin calls for 'Eurasia' currency for former Soviet states

Russian leader Vladimir Putin has proposed creating a regional currency union with Belarus and Kazakhstan, Russia's partners in a political and economic union made up of former Soviet republics.

"The time has come to start thinking about forming a currency union," Mr Putin said after the talks in the Kazakh capital Astana with Belarussian President Alexander Lukashenko and Kazakh President Nursultan Nazarbayev.

Mar 22 20:48

The last lap: Inside the abandoned NASCAR track that has crumbled into a eerie ruin after sitting empty for four years

It was a mainstay on the NASCAR circuit for nearly five decades.

But now, North Wilkesboro Speedway in North Carolina - once filled with thousands of fans at a time - lies silent and deserted.

The legendary track, which opened its doors to a crowd of more than 10,000 in 1947, was recently caught on camera by photojournalist Seph Lawless.

The photojournalist, also an activist, captured the dilapidated arena as part of an ongoing project which focuses on 'the most abandoned' sites in America.

He told Daily Mail Online: 'This arena was once filled with thousands of people now it sits eerily silent and completely abandoned. It was apocalyptic.'

Mar 22 19:17

U.S. Looks to Work With China-Led Infrastructure Fund

Obama administration proposes co-financing projects with new Asian Infrastructure Investment Bank

Mar 22 17:06

We Have to Stop the Next Banker's War

Mar 22 16:50

10 Companies Profiting the Most From War

Mar 22 16:32

This is hard to figure

Mar 22 16:17

The Federal Reserve Bank Must Be Destroyed

Mar 22 16:06

Three Ukrainan banks went belly-up in one day!

Three Ukrainian banks are beeing closed by the National bank of Ukraine because of insufficient equity. On Friday March 20, the VAB-Bank, the Astrabank and the City Commerce Bank were declared insolvent and had to close. Earlier this year, the Delta Bank, the Kreditprombank and the Omega Bank, also had to close due to financial problems.

Mar 22 15:27

Bix Weir: Next crash already started... There is no doubt there will be chaos

The banks will freeze up and derivatives are going to go sideways, and you are not going to be worried about your 401K. You are going to be worried about where you are going to get food, gas and water.”

Mar 22 15:20

No surprise to anyone in these markets

Mar 22 15:13

The New Order Emerges

China and Russia have taken the lead in establishing the Asian Infrastructure Investment Bank (AIIB), seen as a rival organisation to the World Bank and the Asian Development Bank, which are dominated by the United States with Europe and Japan. These banks do business at the behest of the old Bretton Woods order. The AIIB will dance to China and Russia's tune instead.

Mar 22 14:58

'Bread, jobs, dignity': Crowds gather for anti-austerity march in Madrid

Spaniards have gathered for an anti-austerity rally in the Spanish capital’s center. Almost a year ago, a similar protest in central Madrid turned violent and hundreds were injured.

Mar 22 14:30

Lagarde says IMF to co-operate with China-led AIIB bank

International Monetary Fund chief Christine Lagarde has said the IMF would be "delighted" to co-operate with the China-led Asian Infrastructure Investment Bank (AIIB).

The AIIB has more than 30 members and is envisaged as a development bank similar to the World Bank.

Mrs Lagarde said there was "massive" room for IMF co-operation with the AIIB on infrastructure financing.

The US has criticised the UK and other allies for supporting the bank.

Mar 22 14:04

[Video] Goldman Sachs: The bank that rules the world

Ever since the stock market crashed, on the night of September 15, 2008, the name Goldman Sachs, or GS, has been appearing everywhere: in the collapse of the financial system, the Greek crisis, the plunge of the euro, and the campaign to prevent regulation of financial markets.

The investment bank created in New York in 1868 has carved out its reputation and success by working silently behind the scenes.

But today GS stands accused of myriad charges: playing a key role in the subprime loan fiasco, pushing several of its competitors into bankruptcy, helping countries like Greece hide their deficits before speculating on their downfall, precipitating the fall of the euro, and influencing the consumer price index. And yet GS has come out of this latest crisis richer and more powerful than ever.

Mar 22 13:07

How 37 banks became 4 in just a few decades

Mar 22 12:25

10 terrible states for property taxes

Mar 22 11:26

Liquidity crisis could spark the next financial crash

Traders warn of a global credit 'meltdown' if corporate bond markets don't improve

Mar 22 10:08

CFTC Gold: Net Commercials only -13% Short.

Mar 22 10:05

The Great GMO Legitimation Crisis

Even with this power and political influence at its disposal, the GMO agritech industry is far from being a success. Much of its profits actually derive from failure: for example, Andrew Kimbrell notes that after having chosen to ignore science, the industry’s failing inputs are now to be replaced with more destined-to-fail and ever-stronger poisonous inputs. The legacy of poisoned environments and ecological devastation is for someone else to deal with. In his book, Steven Druker has shown that from very early on the US government has colluded with the GMO agritech sector to set a ‘technical fix-failure-technical fix‘ merry-go-round in motion.

This system is designed to stumble from one crisis to the next, all the while hiding behind the banners of ‘innovation’ or ‘research and development’. But it’s all good business. And that’s all that really matters to the industry.

Mar 22 09:51

Facebook Messenger Allows You To Send Money Without Commission

Messenger is a separate service from the Facebook app.
Americans Facebook Messenger users can send money for free through the instant messaging application.

“We are adding a new feature in Messenger that provides a more comfortable and safer to send or receive money from friends so,” said the social network in a statement, in which everything rolling the service over the coming months in the US.

http://whatisusa.info/facebook-messenger-allows-you-to-send-money-with...

Mar 22 09:01

The Perfect Storm For Oil Hits In Two Months: US Crude Production To Soar Just As Storage Runs Out

Less than two weeks ago we warned that based on the current oil production trend, the US may run out of storage for crude as soon as June.

Mar 22 07:59

The Madness of Kings and Fools.

It's going to be getting a lot hotter for these plundering psychopaths all around. By now, no one who isn't brain dead can dispute the presence of Mr. Apocalypse in every area of human consciousness. It appears that a wide sweeping awakening is about to, very soon become highly visible. It's been around for awhile and it has been coming for awhile. It's sort of like Spring. It may come later than we might like or earlier than we expect but come it will. The Spring of a raised consciousness it going to come about the same way The Huns visited Rome, or The Moors swept across so much of the eastern world; changing the arts, science, architecture and human thought of the time and leaving a lasting impact right up to this day. In the modern day, Shit has been happening from the top down for some time. Now it's going to start happening from the bottom up and being amplified by the force of the planets and whatever mysterious power guides their movements.

Mar 22 05:49

What's not being reported on CNBC today.

Mar 22 03:29

Greek household income was reduced by 86% due to the crisis

Since the onset of austerity, direct taxes have increased by almost 53%, while indirect taxes have increased by 22 percent. The poorest families pay disproportionately more in taxes and the tax burden on them has increased by 337%. In comparison, the tax burden for high-income families increased by only 9%.

Mar 22 02:14

Weekend Update March 20

Mar 21 21:37

Rich Man’s Bank Hit by Bank Run, Collapse, “Bail-In”

In Europe nary a day seems to go by without some mention or rumor of a bank run or bank closure. Ground Zero of the current troubles is Greece, whose broken financial system is now wholly dependent on regular infusions of euros from the ECB. The moment those infusions stop – something the ECB has warned could happen at any time – the country’s banking system collapses. On Wednesday Greek banks saw deposit outflows of €300 million, the highest in a single day since a February deal with the euro zone that staved off a banking collapse.

Mar 21 18:38

10 Investment Quotes To Live By

Mar 21 16:46

World faces 40% water shortfall in 15 years

Mar 21 11:53

Pink Slips: 100,000 Jobs Wiped Out Amid Oil Price Collapse: “Spreading Like Cancer”

But job losses are only part of the story... Should the price of oil not rise in coming months it could well be the trigger for the next big collapse of the economy and stock markets.

Mar 21 09:29

Scholarslip - Inside the Student Loan Debt Crisis

Determined to speak up about America’s crumbling higher education system, three students at Arizona State University’s Walter Cronkite School of Journalism rallied the voices of an indebted generation. The trio of aspiring journalists—Alex Lancial, Tara Molina and Jake Stein— produced a documentary entitled “Scholarslip”. The 26-minute production examines the student debt crisis in the United States and delves into issues local to Arizona. Illustrated through the voices of student debtors as well as university and government policymakers, “Scholarslip” explores five critical issues: increasing costs of tuition; deteriorating quality of higher education; diminishing value of a college degree in the job market; student dependence on state and federal financial assistance; and the effects on personal lives and aspirations.

Mar 21 09:03

Big Bank’s Analyst Worries That Iran Deal Could Depress Weapons Sales

Could a deal to normalize Western relations with Iran and set limits on Iran’s development of nuclear technology lead to a more peaceful and less-weaponized Middle East? That’s what supporters of the Iran negotiations certainly hope to achieve. But the prospect of stability has at least one financial analyst concerned about its impact on one of the world’s biggest defense contractors.

Mar 21 09:01

Know Your GMO Bar Codes

No matter what your choices are when you prowl the aisles of your local supermarket, it is now more important than ever to be an informed

Mar 21 08:56

Global Trade Grinds To A Crawl

At the start of this month, those who contend that depression-level readings on the Baltic Dry are no longer very meaningful because at this juncture, the index simply shows the extent to which the industry is oversupplied got a rude awakening when the CEO of the company (Maersk) that handles nearly a fifth of global seaborne freight decided to ruin everyone’s day by daring to suggest that in fact, global growth is rather abysmal and will likely continue to depress demand the world over.

Mar 21 08:56

U.S. Begs Russia to Remain in ‘SWIFT’ - The One Bank Fails Again

Does it get any funnier than this? Well, arguably, we’ve already seen an even funnier episode from these financial “Wile E. Coyotes”. But let’s begin with a look at the most recent “botched operation” by the psychopaths of the One Bank.

To any readers with even a moderate comprehension of global events; it has been completely obvious that the Western financial crime syndicate which rules over us (the One Bank) has targeted Russia for (at least) economic destruction – and perhaps political destruction, as well. It has commenced this campaign by unleashing its most-ferocious attack dog on Russia: the United States (aka “the Fourth Reich”).

The political/economic terrorism against Russia began with the coup in Ukraine, which was fully and completely orchestrated by U.S. Neo-Cons (most unelected), who actually “run” the U.S. government. This was immediately followed by a two-pronged strategy, directed squarely against Russia itself.

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA