ECONOMY | WHAT REALLY HAPPENED


ECONOMY

May 11 08:26

Gold vs DOW: Hedge Against Inflation?

May 11 08:25

Currency War Collateral Damage: China Stops Growing, Starts Easing; The Race To The Bottom Continues, By Early 2016 Both The US And China Will Be In Aggressive Easing Mode

When a country pegs its currency to a bigger one like the US dollar, it in effect outsources its monetary policy to the operator of that other currency. This confers several benefits, including the enforced discipline of the other, presumably more rigorous monetary regime and the simplicity of letting someone else stress over controversial policies like QE.

May 11 08:22

Putin’s Greek pawn gambit

In my earlier blog post on 17 March of this year, Hey Obama — The Chess Match Just Started, I broached the idea that Greece’s request for major war reparations from Germany for the WW-II NAZI invasion and occupation of Greece, and associated war crimes, could plausibly be seen as a sly gambit by multiple countries to ultimately ensnare the war-mongering USSA and bring it to heel.

May 11 08:03

Who’s Got the Gold?

In 1971, the US abruptly went off the gold standard, and in making the public announcement, US President Richard Nixon looked into the television camera and said, “We’re all Keynesians now.”

I was a young man at the time and had previously bought gold, albeit on a very small scale, but I recall looking into the face of this delusional man and thinking, “This is not good.”

May 11 07:39

Scale of UK attacks on Islamic State in Iraq revealed

British aircraft and unmanned drones have attacked Islamic State targets in Iraq with more than 200 bombs and missiles in military operations that have been largely ignored, a Guardian analysis has shown.

The air strikes, which began in the autumn, have been undertaken by the RAF’s oldest bombers – Tornado GR4s and its newest weapon – the remotely piloted Reaper.

Tornados have dropped at least 87 Paveway IV bombs and fired at least 47 Brimstone missiles. Reapers have fired more than 80 Hellfire missiles.

May 11 07:37

Our Religion is Enforced Monetism

May 11 07:24

War Threat Rises As Economy Declines — Paul Craig Roberts

The defining events of our time are the collapse of the Soviet Union, 9/11, jobs offshoring, and financial deregulation. In these events we find the basis of our foreign policy problems and our economic problems.

The United States has always had a good opinion of itself, but with the Soviet collapse self-satisfaction reached new heights. We became the exceptional people, the indispensable people, the country chosen by history to exercise hegemony over the world. This neoconservative doctrine releases the US government from constraints of international law and allows Washington to use coercion against sovereign states in order to remake the world in its own image.

May 11 07:24

The Average Age Of A Minimum Wage Worker In America Is 36

Did you know that 89 percent of all minimum wage workers in the United States are not teens? At this point, the average age of a minimum wage worker in this country is 36, and 56 percent of them are women. Millions upon millions of Americans are working as hard as they can (often that means two or three jobs), and yet despite all of their hard work they still find themselves mired in poverty. One of the big reasons for this is that we have created two classes of workers in the United States.

May 11 06:58

The Average Age Of A Minimum Wage Worker In America Is 36, The Real Unemployment Rate Is Sitting At 23 Percent. That Is Not An “employment Recovery” – That Is A National Crisis.

Did you know that 89 percent of all minimum wage workers in the United States are not teens? At this point, the average age of a minimum wage worker in this country is 36, and 56 percent of them are women.

May 11 06:36

BEX ALERT - The US Unemployment Rate At Its Lowest Level Since 2008

The Bureau of Labor Statistics’ April employments report contained unobtrusively reassuring monetary news.

The finance overview demonstrated superintendents included simply under a quarter million net new occupations in the month while the family unit review reported unemployment tumbling to 5.4 percent—its most reduced level following mid-2008. All in all, the report gave a positive counterpoint to late negative monetary news.

http://whatisusa.info/the-us-unemployment-rate-at-its-lowest-level-sin...

May 11 06:30

Chrysler Wants to Pay for Employees’ College

Fiat Chrysler announced last Monday that it will roll out a program to cover the cost of college degrees for those who work at Chrysler, Jeep, Dodge, Ram Truck and Fiat dealerships...

May 11 06:28

Confessions of a Former Mortgage Broker

Want an inside look at the home buying process? Read about the confessions of a former mortgage broker

May 11 06:07

US Openly Opposed Gas Supplies From Russia To The EU Via Greece

The U.S. state Department chose to withdraw its ambassador in Athens in the year prior period because of the way that neglecting to educate Washington about the bill on legal change received by the Greek Parliament. On it advises Agency Sputnik with reference to the Greek daily paper Kathimerini.

http://whatisusa.info/us-will-withdraw-its-ambassador-from-greece-beca...

May 10 22:16

US Openly Opposed Gas Supplies From Russia To The EU Via Greece

The U.S. state Department chose to withdraw its ambassador in Athens in the year prior period because of the way that neglecting to educate Washington about the bill on legal change received by the Greek Parliament. On it advises Agency Sputnik with reference to the Greek daily paper Kathimerini.

http://whatisusa.info/us-will-withdraw-its-ambassador-from-greece-beca...

May 10 21:59

The US Unemployment Rate At Its Lowest Level Since 2008

The Bureau of Labor Statistics’ April employments report contained unobtrusively reassuring monetary news.

The finance overview demonstrated superintendents included simply under a quarter million net new occupations in the month while the family unit review reported unemployment tumbling to 5.4 percent—its most reduced level following mid-2008. All in all, the report gave a positive counterpoint to late negative monetary news.

http://whatisusa.info/the-us-unemployment-rate-at-its-lowest-level-sin...

May 10 10:56

The Inhuman Failure of "Austerity"

The Framers of the U.S. Constitution said the Government should provide for the “general Welfare,” a mandate to help build a strong and prosperous nation. But the concept has been lost in a wave of anti-government, “neoliberal” propaganda making the Market king.

May 10 10:39

On the perennial nature of US urban riots

Lawrence Davidson analyses the evolution of urban riots in the United States, and explores how the root causes of the present-day phenomenon, manifested mostly in the form or race riots, can be addressed.

May 10 09:49

CA Politicians Reach Into Transportation Funds, Ignore Crumbling Infrastructure

Before assuming that that the Sacramento politicians are justified in seeking to dig deeper into drivers’ wallets, it is important to point out that billions in transportation tax dollars have been spent on other programs. State government has been diverting a billion dollars a year in annual truck weight fees to pay debt service on general obligation bonds and another $100 million annually in gas tax revenues to the general fund.

May 10 09:43

Hillary Clinton: Big Friend of Big Bankers

With the cost of a 2016 presidential campaign expected to reach more than $1 billion, a candidate will need some rich friends. Fortunately for Hillary Clinton, she has plenty of those on Wall Street. Nomi Prins, a former Wall Street executive and now senior fellow at the nonpartisan public policy institute Demos, writes that Clinton should be able to count on help from large financial institutions. Prins is the author of All the Presidents' Bankers: The Hidden Alliances that Drive American Power.

May 10 09:37

Billionaires ‘make out like bandits'

Fox News host Chris Wallace on Sunday grilled Republican presidential candidate Ben Carson’s plan to institute a flat tax plan that experts have said would give a massive break to the wealthiest Americans.

Carson said that under his flat tax plan, earners would “pay according to your ability.”

May 10 09:15

New Example of the Pentagon, DEA and Private Companies Conspiring to Beat Encryption, Track Everything You Do

Yet another report has surfaced describing how tools created by the companies selling software that can damage and hack into people’s computers are being deployed by U.S. security services. While the coverage surrounding this story focuses primarily on federal agencies it’s important to step back for a moment and view the big picture. In particular, looking at who builds, operates, and profits from mass surveillance technology offers insight into the nature of the global panopticon.

May 10 09:14

Keiser Report: First banksters’ problem is fairness

Max Keiser and Stacy Herbert discuss rackets and their suckers and what Charlie Brown might have to say about the latest banker outrage.

May 10 08:45

5 Things To Ponder: Margin Of Safety

May 10 08:42

Anti-austerity group plans protest outside Bank of England

The anti-austerity group behind a protest that escalated into violent clashes with riot police outside Downing Street on Saturday is planning another demonstration outside the Bank of England next month.

The People’s Assembly has told campaigners to assemble “right on the doorstep of the very people who created the crisis in the first place” in central London on 20 June, sparking what could become a summer of anti-austerity protests across the UK.

Hundreds of people attended the group’s impromptu demonstration outside Downing Street on Saturday after David Cameron was returned to No 10 with a Conservative majority.

May 10 03:57

Greece could use 'parallel currency' as desperation grows

Greece could start using a "parallel currency" to pay its civil servants if it runs out of cash, one of the European Central Bank's board members has suggested.

May 10 03:43

Sino-Russia Relations a Growing Threat to Euro Market

Martin Charmoy, head of Prosperity Capital Management fund in London, predicted that trade between Russia and China will reach $200 billion in the next several years.

May 10 03:35

Economic Disinformation Keeps Financial Markets Up

Jobs offshoring has shriveled the employment opportunities for Americans. These shriveled opportunities are largely responsible for stagnation and decline in real median family incomes, for the falling labor force participation rate, for the rising inequality in the income and wealth distribution, and for student loans that cannot be repaid from the lowly paid jobs available. Corporations and Wall Street in pursuit of short-term profits have given the economy away. Much of the former US economy now belongs to China and India. Corporate executives and shareholders got rich off of this give-away.

May 10 01:15

Nearly half of states expect to confront big budget gaps

With the nation’s economy at its healthiest since the Great Recession, a surprising trend is emerging among the states – large budget gaps.

May 09 18:23

How BIG is Samsung?

May 09 16:12

The Unemployment Farce

May 09 15:41

Bond rout explained in 90 seconds

May 09 15:02

Walmart buying 13 Target sites in Canada

May 09 14:57

Small Towns and Local Currency

May 09 14:44

Why Bitcoin Could Be Much More Than a Currency

May 09 14:34

Bonds continue decline if these give way…

May 09 14:33

Pentagon preparing for mass civil breakdown

May 09 12:35

The Next 94 Days Could Be Bad for Your Wallet

May 09 12:29

Are Prisons the New Mental Health Hospitals?

May 09 11:22

Wall Street Is One Sick Puppy

May 09 10:52

The Future of 3D Printing

By Brian Berletic

For emerging technologies it is not always easy to tell what the future holds for it. However, for 3D printing, this doesn't apply. 3D printing is actually not new at all. It has been around since at least as early as the 1980s.

Since the 1980s, 3D printing has been making it possible to prototype new ideas faster, more accurately, and more efficiently than ever before. Starting in the mid-2000s 3D printing went from a professional tool employed by large companies and design firms, to a form of personal manufacturing accessible to a larger number of regular people.

Looking at where 3D printing has been and where it is now, we can confidently predict where it is heading with some degree of accuracy...

May 09 10:34

Will Central Banks Abolish Cash?

By Mark Nestmann

Cash has never been a popular asset with the totalitarian set. It’s difficult, if not impossible, to trace. Cash makes it possible to do business “off the books.”

For decades, with the US leading the effort, governments have engaged in a War on Cash. The original justification for this war was to fight racketeering. The War on Cash morphed into the War on Drugs, then the War on Money Laundering, and subsequently, the War on Terror.

But now, central banks and their lackey governments have a new rationale for the War on Cash: the very existence of cash makes it more difficult to enforce negative interest rates...

May 09 10:30

Ex-NSA security staffer: Apple Macs are wide open to malware

Patrick Wardle, a former NSA staffer and NASA intern who now heads up research at crowd-sourced security intelligence firm Synack, found that Apple’s defensive Gatekeeper technology can be bypassed allowing unsigned code to run. Apple’s Gatekeeper utility is pre-installed in Mac OS X PCs and used to verify code. The tool is designed so that by default it will only allow signed code to run or, depending on settings, only packages from the Mac App Store.

May 09 09:57

Gold, Silver & falling economy

May 09 09:06

Scott Walker Gave Corporations Cash To Create Jobs, Forgot To Check If They Created Jobs

The job creation agency founded by Governor Scott Walker has been routinely violating its own rules and state law, according to a damning report released Friday by Wisconsin’s non-partisan Legislative Audit Bureau.

May 09 08:56

Canada lost 20,000 jobs in April

Canada's economy shed almost 20,000 jobs in April as a small uptick in full-time work was more than offset by a large drop in part-time jobs.

Statistics Canada reported Friday that the unemployment rate stayed steady at 6.8 per cent.

The loss of 19,700 jobs was worse than the 5,000 that a consensus of economists was expecting, according to Bloomberg.

May 09 08:36

Greece bailout sinks further into jeopardy as government slashes growth forecast to just 0.8%

The international bailout that Greece is relying on to stay solvent was thrown into jeopardy today when the Government revealed that it expects its economy to grow at just 0.8 per cent this year.

That is well below the 1.4 per cent Greece told its international lenders in March and a fraction of the 2.9 per cent forecast it used to formulate its 2015 budget.

Reuters news agency said that the finance ministry reform plan raises fresh questions about the European Union/IMF bailout, over which talks resume on Monday.

May 09 08:31

US Tells Greece To Reject Putin Pipeline Marking Return To Cold War Politics

In short order, it leaked that Moscow was set to advance Greece $5 billion against the future potential profits from the pipeline, a payment which we characterized as a get-out-of-Troika-jail free card and although conflicting reports emerged thereafter regarding just how soon money would actually be flowing from Moscow to Athens, discussions around the pipeline continued to move forward when Gazprom chief Alexei Miller visited Greece late last month to discuss “current energy issues of interest.”

That visit proved more than Europe could bear, and so the European Commission promptly filed antitrust charges against the Russian gas giant in an absurdly transparent attempt to punish the Kremlin for interfering in negotiations between the EU and its Aegean debt serf.

May 09 07:44

Economic Disinformation Keeps Financial Markets Up

By Paul Craig Roberts

May 8. Today’s payroll jobs report is more of the same. The Bureau of Labor Statistics claims that 223,000 new jobs were created in April. Let’s accept the claim and see where the jobs are...

May 09 06:38

This 2-Year-Old Company is Worth $4.5B

A cloud-based human resources company, Zenefits, is only just now 2 years old but has a value of $4.5 billion.

May 09 06:03

Enron accounting and the collapse of Social Security: “It is going to be insolvent before everyone thinks”

Rumors of the collapse of the Social Security program have long been a topic of discussion with many believing that the program will collapse much sooner than the government claims, in turn leading to the start of civil unrest when Americans both young and old realize that a program they have put money into their entire life is gone.

May 09 01:57

3 Reasons the Fed’s Forecasts Are So Off

So the good news for investors is that the Fed now tells us where it thinks the economy is headed. The bad news is it has been consistently, and sometimes spectacularly, wrong. Talk about the blind leading the blind.

May 09 01:45

HONOLULU EXTENDS BAN ON SITTING, LYING IN CERTAIN DISTRICTS

Honolulu has a chronic housing shortage and some of the highest home rental and sales prices in the nation. -- “They don’t want to give people chances,” said Derek Villanueva, a homeless man living on the streets in Honolulu. “What can we do? Wherever we go, they’re pushing us away.”

May 08 21:32

Jade Helm:Some Thoughts From Army ATC and Friends

by ArmyATC » Sat Apr 04, 2015 3:16 pm
A lot of people are trying to decode what jade Helm means. But very few are looking at the second line , which is the overall mission objective.

In combat ops there are 5 phases of combat. I'm not going to go into detail, but you can find it. But phase 0 operations are relatively new. In the NDAA 2014, if you read through it, it provides increasing the budget for phase 0 operation.

What this is. Well this has to do with using infiltration techniques to identify who will be a problem BEFORE the fighting begins. Identifying individuals and groups that would be assessed by the military as possible non state actors.

That way, they can extract these individuals before ops begin thus severely limiting organized resistance.

May 08 21:16

McRaven: Success in Human Domain Fundamental to Special Ops

While special operations forces are comfortable in the realms of traditional warfare, the human domain is perhaps more important -- both to the troops and to policy makers, McRaven said.

The human domain encompasses the totality of the physical, cultural, and social environments that influence human behavior, he explained. Success in this domain won't be achieved by traditional ground, naval or air forces, he added.

“Instead, success in the human domain will depend upon understanding the human terrain and establishing trust with those humans who occupy that space,” the admiral said. Building understanding and trust takes time, but once it’s built, “we can apply unique capabilities that are designed to assess, analyze, operate and prevail in population-centric strategies or struggles,” he said.

May 08 21:11

Human Terrain System

The Human Terrain System (HTS) is a United States Army, Training and Doctrine Command (TRADOC) support program employing personnel from the social science disciplines – such as anthropology, sociology, political science, regional studies and linguistics – to provide military commanders and staff with an understanding of the local population (i.e. the "human terrain") in the regions in which they are deployed

May 08 20:48

A Brief Overview Of ABI And Human Domain Analytics

In Iraq, the Intelligence Community was tasked with finding terrorists and insurgents bent on harming US Forces and their interests. These terrorists or insurgents rarely performed activities that were dissimilar from non-terrorists (especially in the planning phases). In terms of Iraqi mysteries, the questions were “Will something happen?” and “How can we predict it and prevent it?” Analysts began to develop techniques to address these mysteries using any means at their disposal to aggregate these activities, assess transactions, and develop networks of interest.

May 08 20:38

Thinking Differently: Unlocking the Human Domain in Support of the 21st Century Intelligence Mission

People are the currency of the human domain; their visible behaviors and symbols are one of the only ways to really discern their thoughts and motivations. Add in the cultural complexity of differing worldviews, beliefs and values that play on those thoughts and motivations and the domain becomes even less certain to decode. Factor in that U.S. military and civilian personnel directly, and indirectly, influence the course of interactions and behavior in the domain and the human domain becomes incredibly layered and dense, where meaning and purpose is difficult to extract and effort and skill necessary for success within the domain difficult to master.

May 08 20:30

Adaptations Required To Survive In The Human Domain

Indeed,if America ever finds itself once again contesting in wars in which the object is not the destruction of enemy forces but instead to influence relevant populations toward our desired ends,then Army formations and land forces must understand the people they are trying to influence.

May 08 18:17

Dane Wigington, Matt Stannard, Marc Armstrong on “It’s Our Money”

At what point are you willing to challenge your own notions of what’s really going on? Can you even imagine that the mavens of the Money Power would threaten human survival to serve themselves for even bigger personal profits? Ellen’s guest, researcher Dane Wigington, has a trove of data to suggest that they would. And they do so in the form of geoengineering, a covert tool allegedly being used to control natural systems for private profit.

May 08 17:09

US high grade corporate bonds as % of GDP

May 08 16:22

Economic Disinformation Keeps Financial Markets Up — Paul Craig Roberts

May 8. Today’s payroll jobs report is more of the same. The Bureau of Labor Statistics claims that 223,000 new jobs were created in April. Let’s accept the claim and see where the jobs are.

Specialty trade contractors are credited with 41,000 jobs equally split between residential and nonresidential. I believe these are home and building repairs and remodeling.

The rest of the jobs, 182,000, are in domestic services.

Despite store closings and weak retail sales, 12,000 people were hired in retail trade.

May 08 15:50

Another US Retailer To Close 243 stores

May 08 14:59

Former Obama Campaign Manager Led Austerity-Loving Tories to Victory

After the surprise win of the United Kingdom's Conservative Party in Thursday's national election, the spotlight has now fallen on American political operative Jim Messina, who led the pro-austerity party to victory.

May 08 14:45

Putin's Greek Pawn Gambit

In my earlier blog post on 17 March of this year, Hey Obama -- The Chess Match Just Started, I broached the idea that Greece's request for major war reparations from Germany for the WW-II NAZI invasion and occupation of Greece, and associated war crimes, could plausibly be seen as a sly gambit by multiple countries to ultimately ensnare the war-mongering USSA and bring it to heel.

May 08 14:40

“Government Wants to Control Your Car” and Prevent You From ‘Tinkering’ Under DMCA Copyright

Think you own your car? Think again. Soon you won't even be allowed to work on it. http://ow.ly/MIFXQ

Modifications – performance enhancements – and even routine maintenance are to become illegal via the application (and enforcement) of the Digital Millennium Copyright Act (DMCA) to cars.

They are claiming propriety rights to the software embedded in the computer ...

Read more at SHTFplan.com

May 08 14:32

Brace Yourself for a Bigger Debt Bomb

May 08 13:07

World’s Richest 80 People Own Same as World’s Bottom 50%

Oxfam’s recent report, “WEALTH: HAVING IT ALL AND WANTING MORE” contains shocking figures that the press haven’t sufficiently publicized; so, the findings and the reliability of their sources will be discussed here. The results will then be related to the central political debate now going on in the U.S. Presidential contests for 2016, which is about equality and inequality.

May 08 11:50

America’s richest congressman says poor in the US are ‘envy of the world’

California GOP Rep. Darrell Issa was challenged by CNN Money correspondent Cristina Alesci on Thursday after he seemingly downplayed income inequality issues in the US.

“America’s the richest country on Earth because we've been able to put capital together and we've been able to make our poor somewhat the envy of the world,” Issa told Alesci.

Webmaster's Commentary: 

A memo to Congressional Representative Issa: you really need to get out more before you make a statement like that.

Because the manufacturing that used to prop up the American Middle Class has been outsourced/offshored, many people are only left with the possibility of working several jobs, at minimum wage, so there is little to no upward mobility left, sir.

May 08 11:23

The Titans Of Finance Speak

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