ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Aug 17 08:50

Million American Jobs Project

Webmaster's Commentary: 

It sounds like a good idea, until you remember that the US Government is banning country-of-origin labels on food, and could easily be bribed into doing the same for products! Remember, under fascism, the goal is that the people have no choice at all what they buy and who they buy it from!

Aug 17 08:28

Danger Zone if Tech stocks slip here!

Aug 17 08:25

Yet Another Bearish Sign For Gold: Venezuela

Aug 16 17:02

Wholesale Silver Shortage…CONFIRMED

Aug 16 16:46

Money Demystified | Dr. Malavika Nair

Aug 16 16:33

Staff in tears, regular sackings and a button to make sure you don't waste time in the loo: What some workers say it's like to work for Amazon

It's the world’s biggest online retailer which prides itself on stocking everything you could possibly desire.

But behind Amazon’s success lies something far uglier, if the latest investigation into its working practices is to be believed.

From employees crying at their desks to annual staff culls designed to foster a culture of fear, merciless conditions at the company have been described by more than 100 workers.

Bosses are said to push staff so far past breaking point that they ‘practically combust’, while regular sackings to keep workers on their toes were described by one HR manager as ‘purposeful Darwinism’.

According to the expose, the company’s best workers are known as ‘Amabots’ – because they are so ‘at one with the system’ they are almost cyborgs.

Aug 16 16:31

Doughnuts and pizzas on the NHS: £116million of gluten-free junk food was handed out in prescriptions in the past year

The NHS is handing out tens of thousands of prescriptions every year for custard creams, doughnuts and pizzas.

Other calorie-rich treats issued to patients on special diets include Italian-style biscotti, cake bars and muffin mixes.

The Health Service spent almost £116million last year on gluten-free products and other foods – twice as much as a decade ago.

The extraordinary figure does not cover manufacturers’ sky-high handling fees, which can reach £40 a time.

NHS rules for prescribing food vary by area, but in general only coeliac disease patients can get gluten-free products.

The huge sums being spent on food come amid an obesity crisis and at a time when the health budget is hugely stretched.

Aug 16 16:21

Austerity - Elite Terrorism Against Ordinary People

The purpose of austerity is to create insecurity and instill fear in the general population in order to protect the finance and banking sector from popular rage against the crimes the participants of this sector have committed against ordinary people. This rage ought to have given rise a long time ago to legal actions and desperately needed fundamental reforms to take away from bankers the right to create money, a right which they have abused at tremendous cost to ordinary people. Instead of collective reforms, what we are being subjected to is a policy of deliberately spreading insecurity together with the scapegoating of vulnerable people.

Aug 16 15:16

Ohio's Legal Weed Proposal Could Create the World’s First 'Pot Grower Oligarchy'

Ohio voters will have the opportunity to legalize the commercial cultivation and sale of cannabis this November, including for medical marijuana patients and recreational consumers. A constitutional amendment that officially qualified for the ballot this week would allow adults 21 and over in the state to grow four plants and possess eight ounces of marijuana at home. But the measure is controversial within the pro-marijuana legalization community, and has even united some pot activists and conservative Republicans in opposition.

Aug 16 15:05

Privately run Nashville jail forced inmates work without pay building bean-bag "cornhole" games, plaques shaped like footballs, birdhouses and dog beds

Former inmates at a privately run Nashville jail say they worked without pay building bean-bag "cornhole" games, plaques shaped like footballs, birdhouses and dog beds so that officials could sell them through their personal business at a flea market. "Inmates can legally be required to work without pay, in some circumstances, but jail employees are not supposed to profit from their labor. But former inmates Larry Stephney and Charles Brew say that is what happened with Stand Firm Designs, run by two jail employees and one former employee, according to their business card.

Aug 16 13:18

BIG NAMES Warning of BIG COLLAPSE

Aug 16 13:04

Peace and the ideology of greed and division

Graham Peebles argues that conflict and war, and the infrastructure servicing these – the military-industrial complex and the arms trade – are deeply ingrained in the currently dominant paradigm: neo-liberalism and market fundamentalism.

Aug 16 12:31

SEC Admits It’s Not Monitoring Stock Buybacks to Prevent Market Manipulation

The Securities and Exchange Commission has admitted that it has no ability to enforce the main rule intended to prevent market manipulation when companies buy back their own stock, and has no intention to do so.

Webmaster's Commentary: 

"Look; they are making money! What difference does it make how they do it?" -- Securities "Who is Bernie Madoff" & Exchange Commission

Aug 16 11:37

New Mexico Dying From 109,000 Job Cuts

Aug 16 10:06

PHOTO ESSAY ~~ PUERTO RICO (LIKE PALESTINE AND GREECE) IS NOT FOR SALE!

On August 13th scores of people gathered to protest vulture Hedge fund investors buying up the Puerto Rican debt crisis which will result in austerity measures to pay the debt. The militant slogan is “PUERTO IS NOT FOR SALE”.

These are the slime that buy up defaulted debts for a few cents on the dollar and then turn around and try to collect the full debt from the people. This has become a common practice. PR is in the same economic condition as Greece but their situation largely comes from being colonials.

Aug 16 09:05

The Top Four US Department Stores Are Imploding

Aug 16 03:48

After Contentious All-Nighter, Greece Bailout Approval Spurs Rebellion

In a development spurring calls for a new "anti-bailout movement," the Greek Parliament early Friday approved a controversial €85 billion financial rescue package—the country's third such bailout from foreign creditors in five years, and one that will require the Greek people to endure further cuts and austerity.

Aug 16 03:40

Ukraine Already in Default – Ex-Minister

Ukrainian authorities are trying to restructure the state debt, which means that Ukraine’s default is already happening, ex-finance minister Viktor Pynzennik admitted on Saturday.

Aug 15 16:36

Don’t Fall For Back-To-School Tax Holidays

Aug 15 15:38

Add Looming Poverty To List Of Seniors Woes

Aug 15 12:04

9-Minute Master Class on Currency Wars

Aug 15 10:57

Marc Faber: 100% chance a recession is coming

Aug 15 08:54

46 million Americans go to food banks, and long lines for dwindling food supplies begin at 6:30 AM

Those that run food banks all over America say that demand for their services just continues to explode. It always amazes me that there are still people out there that insist that an “economic collapse” is not happening. From their air-conditioned homes in their cushy suburban neighborhoods they mock the idea that the U.S. economy is crumbling. But if they would just go down and visit the local food banks in their areas, they would see how much people are hurting. According to Feeding America spokesman Ross Fraser, 46 million Americans got food from a food bank at least one time during 2014. Because the demand has become so overwhelming, some food banks are cutting back on the number of days they operate and the amount of food that is given to each family. As you will see below, many impoverished Americans are lining up at food banks as early as 6:30 in the morning just so that they can be sure to get something before the food runs out.

Webmaster's Commentary: 

Take a good, hard look at the faces of these kids; are they and their families "enjoying recovery", or have the parents awakened one morning to find out that their jobs have been offshored/outsourced to the cheapest source of global labor?!?

Aug 15 07:55

NATO MILITARY DEPLOYMENTS, ECONOMIC WARFARE, GOLDMAN SACHS AND THE NEXT FINANCIAL MELTDOWN

modern warfare is by no means limited to the sphere of military and intelligence operations. Washington not only imposes economic sanctions on countries which do not support its imperial agenda, it also fosters the outright destabilization of national economies. While the Pentagon and NATO coordinate military operations against sovereign countries, Wall Street carries out concurrent destabilizing actions on financial markets including the rigging of the oil, gold and foreign exchange markets directed against Russia and China.

It’s called “financial warfare”, it’s part of the same global agenda, it’s implemented alongside and in coordination with the Worldwide deployment of the US-NATO’s military machine.

Webmaster's Commentary: 

IF the US government is looking to activate the destabilization of both the Russian and Chinese economies, this will not end well, even for the one percenters.

Aug 14 18:15

Infographic: State of American household debt - $11.85 Trillion

Household debt is now $11.85 trillion, and it has more to do with stagnant wages than unnecessary spending. In past decades, the more the top 10 percent prospered, the more the bottom 90 percent borrowed. Now, we're borrowing more for things income used to cover.

Aug 14 18:15

Sanding Down the Rough Edges of Capitalism Is Not Enough

The catalyst for a recent column by David Brooks was a speech delivered by his New York Times colleague Anand Giridharadas at the Aspen Action Forum. (Giridharadas writes the Letter from America column for the Global Edition of the Times) Giridharadas questioned the “Aspen Consensus” that the wealthy and powerful, the benefactors of the Aspen Institute, could be asked to “do more good” but not to “do less harm”. He challenged his well-to-do, well-intentioned audience not to settle for making “an unjust and unpalatable system a little more digestible” and confront the “underlying system” that has created massive inequality and injustice. In short, he bluntly urged his audience to be “traitors to our class.”

Aug 14 16:37

One-In-A-Billion "Hiccups" Are Happening All The Time, Citi Warns Something Is Wrong

Earlier this year JP Morgan’s letter to shareholders, Jamie Dimon let it slip that there are some very disturbing things going on in today’s capital markets. Prices can gap in illiquid markets, Dimon explained, and that has the very real potential to spark a panic, causing illiquidity to spread to previously liquid markets. Dimon warned that one should not be fooled by relatively tight bid-asks; it’s market depth tells the true story, and as JP Morgan’s Nikolaos Panigirtzoglou will tell you, some markets (the Treasury market for instance) are getting quite thin indeed.

Aug 14 15:21

The U.S. Is Destroying Europe

In Libya, Syria, Ukraine, and other countries at the periphery or edges of Europe, U.S. President Barack Obama has been pursuing a policy of destabilization, and even of bombings and other military assistance, that drives millions of refugees out of those peripheral areas and into Europe, thereby adding fuel to the far-rightwing fires of anti-immigrant rejectionism, and of resultant political destabilization, throughout Europe, not only on its peripheries, but even as far away as in northern Europe.

Aug 14 15:01

Greek parliament approves austerity filled bailout deal from creditors

The Greek parliament has approved a draft law enacting a third bailout plan. The votes of opposition MPs were crucial for the legislation to pass after the debate dragged out through the night and well into the morning.

Aug 14 14:37

Will the Germans Derail the Tentative Greek Third Bailout?

As a result of my suffering from a case of Greek deal burnout, you are getting a short assessment of the state of play. But in the spirit of the saying attributed to Pascal, that he wrote a long letter because he didn't have time to make it shorter, my uncharacteristic brevity on this topic will hopefully be a boon.

Aug 14 14:11

Mass Exodus Of Companies Leaving Illinois

Aug 14 13:56

Government Wants to “Implant Recipients of Welfare Assistance with Satellite-Tracked Chips”

Sold on public fears, an RFID chipped population could only be years away.

Otherwise the "terrorists" will win. Oh my!

Read more at SHTFplan.com

Aug 14 13:46

In the State Duma proposed to nationalize US assets

Thus, Vice-Speaker Mykola Levichev said about Washington's request to arrest the assets in Europe of "VimpelCom" and MTS. "It is necessary today to consider a series of measures to nationalize American and other foreign assets in the territory of our country in the event of such hostile actions", - said Levichev.

Aug 14 13:40

Expert: Weeks Till Global Bubble Burst

Aug 14 12:05

Keiser Report: ‘See wealth, think debt that financed it’

In this final episode of the summer solutions series on the Keiser Report, Max Keiser and Stacy Herbert are joined by Alasdair Macleod.

Aug 14 11:47

U.S. Containerized Exports Fall Off The Chart

Aug 14 10:30

The Fed's Favorite Measuring Stick

Aug 14 10:25

Polish EP Member Plans Crimea Visit, Calls for More Trade With Russia

Polish EP member Janusz Ryszard Korwin-Mikke reportedly is following in the footsteps of a French delegation that visited the Black Sea peninsula of Crimea.

MOSCOW (Sputnik) – Polish member of the European Parliament Janusz Ryszard Korwin-Mikke is following in the footsteps of a French delegation that visited the Black Sea peninsula of Crimea last month, the Russian Izvestia newspaper reports.

"I consider the French parliamentarians’ trip to Crimea the right step because it recognizes the current legal status of Crimea, since the peninsula has indeed become part of the Russian Federation. I am all for such a trip and I will try to carry it out," Korwin-Mikke told Izvestiya on Friday.

Aug 14 10:19

Hard Evidence: “We Are In A Full Blown Global Depression”

For the last several months there have been warnings of a coming economic storm, with many forecasting serious financial calamity by the Fall of this year.

With stock markets in China having self destructed, Greece and Europe in another crisis, and corporate earnings for some of the world’s biggest corporations showing lackluster performance, it should be clear that the situation is rapidly deteriorating.

But for the last several years America has appeared to remain fairly insulated from overt crisis. We were told that a recovery had taken hold, jobs were returning and consumer confidence had reached new highs, propaganda which drove millions of investors back into stock markets and real estate. No one in the mainstream world, it seems, believes there’s anything to be concerned about.

Except there is.

Aug 14 10:16

As Greek Bailout Deal Passes, Alexis Tsipras Faces Rebellion

The Greek Parliament approved an international loan deal early Friday that the government needs to avoid defaulting on a debt payment next week. But the all-night debate and a growing rebellion within Prime Minister Alexis Tsipras’s leftist Syriza party seemed to have pushed his coalition closer to spinning apart.

The dissent may force Mr. Tsipras to soon call for a vote of confidence in his government.

Webmaster's Commentary: 

Which he will not survive.

Aug 14 09:58

California cutbacks: Boston Sci to close two facilities, Abbott cuts 160+ employees

Boston Scientific ($BSX) is closing facilities in San Jose and Fremont, CA, and moving their operations to Costa Rica at a cost of 455 U.S. jobs.

Aug 14 09:56

The heat wave in Europe has brought new disaster — drought

During the summer months in France, Italy, Spain and Portugal precipitation was five times less than normal. And the hot sun has dried up not only the smaller streams, but the main rivers of the continent. In Romania due to the shallowing of the Danube dozens of cargo ships sit idle waiting for favorable weather. Effects of drought are felt by tourists in Germany. This year there was no passenger navigation on the Elbe and Dresden had to cancel the annual parade of ships. "The situation is critical. The water level in the river is 51 cm. It is ten times less than required. For tourists in Dresden this year we will offer nothing on the river", - said the representative of the shipping company Robert Rauch.
In Poland, where the thermometer stubbornly shows above 30 degrees, energy companies are forced to limit the supply of electricity due to a sharp fall in water level. For the first time in decades, partially suspended its work one of the largest steel complexes.

Aug 14 09:53

3 Things: Freight, Deflation, No Hike

Aug 14 09:31

Here’s the advantage high-frequency trading firms have over everyone else

It’s hard for humans to imagine what good can be accomplished in microseconds—one microsecond is equal to 1/1000 of a millisecond— but in the new era of electronic trading, fast algorithms and lightening speed transaction processing, high-frequency trading firms like Citadel and Virtu can accomplish a lot. In a speech in April 2014, Gregg Berman, a physicist who then was the associate director of the Office of Analytics and Research at the Securities and Exchange Commission, said that recent studies performed by the agency said that 39% of all orders were canceled within a half second, or 500 milliseconds, and 23%% of all orders were canceled within 50 milliseconds. Those studies also showed that 27% of all trades were against orders that had been resting for a 500 milliseconds or less and 19% of all trades were against orders that had been resting for 50 milliseconds or less.

Aug 14 09:22

Chicago Public Schools announces hundreds of teacher layoffs, spending and pension cuts

Chicago Public Schools (CPS) released its 2015-2016 budget Monday, including $200 million in spending cuts and 479 additional teacher layoffs. In June, the district announced 1,400 layoffs.

Aug 14 09:07

Video: Devaluation of the Chinese Yuan Sends Markets into Flux

Liberalization of the Chinese market place means less central government control over it says Economist Zhun Xu.

Aug 14 09:06

Israeli Diplomat in Berlin: Maintaining German Guilt About Holocaust Helps Israel

US warplanes began bombing Iraqi targets in June 2014. Last September, US Syrian airstrikes followed. Washington falsely claims it’s waging war on the Islamic State (IS) – with pinpoint accuracy against positions and fighters targeted. It’s just the opposite.

Webmaster's Commentary: 

How can Germany today be guilty of the holocaust that happened before they were born (even if it did happen as described)?

Aug 14 08:48

The Refugees Are Coming!!!

Palaces, theatres, railroads, hospitals and parks in that rich country are built on broken skeletons and restless specters, on lakes of blood and shameless theft.

Then, when one looted country after another begins to sink, when there is nothing left there, when children begin dying from hunger and when men commence fighting each other over tiny boulders and dirty pieces of turf, pathetic boats, or dinghies, begin crossing the waterways, bringing half starved, half-mad refugees to the European sea-fronts decorated with marble.

What a horrifying sight! As if a woman, her hair waving in disarray, her lips broken, comes begging a man who raped her after killing her husband – begging for shelter and at least some work and piece of bread. She decided to abandon all her pride, because her children are sick and starving, because it is either this, or death.

That is what you reduced the world to, Europe – you, and your huge, insatiable offspring – North America!

Aug 14 08:41

Advance Auto Parts Closing 50 Stores

Aug 14 08:27

US MILITARY USES IMF AND WORLD BANK TO LAUNDER 85% OF ITS BLACK BUDGET

Though transparency was a cause he championed when campaigning for the presidency, President Obama has largely avoided making certain defense costs known to the public. However, when it comes to military appropriations for government spy agencies, we know from Freedom of Information Act requests that the so-called “black budget” is an increasingly massive expenditure subsidized by American taxpayers. The CIA and and NSA alone garnered $52.6 billion in funding in 2013 while the Department of Defense black ops budget for secret military projects exceeds this number. It is estimated to be $58.7 billion for the fiscal year 2015.

What is the black budget? Officially, it is the military’s appropriations for “spy satellites, stealth bombers, next-missile-spotting radars, next-gen drones, and ultra-powerful eavesdropping gear.”

Webmaster's Commentary: 

Your tax dollars at work, folks: how does that make you feel?!?

Are you angry yet?!?!? You deserve to be, and I don't mean you should be throwing stuff, or getting physically confrontational.

But the truth is, you cannot believe anything this government says, ever again. This government has lost all credibility, and about the only thing you can occasionally believe are its weather reports. And that is only occasionally.

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