ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Feb 06 13:04

RPI PLUNGES As JUNK BOND YIELDS SOAR

Feb 06 10:46

Sydney's fun police have put out the light of the nightlife. The city's a global laughing stock

In 1999, Sydney was at its peak – the Olympic Games were imminent and there was unbridled optimism that Sydney was about to emerge as an international city as the millennium approached. Internationally, Sydney was renowned as an incredibly fun place to live; the entertainment was world class, with great restaurants and venues to visit at any time of night.

Something pernicious has happened in the 15 years since, and Sydney has not just regressed into a ghost town, but there is an undercurrent of something much more sinister in the way the city is being run.

As I write this in 2016, not a day goes by without the press reporting of yet another bar, club, hotel, restaurant or venue closing.

Webmaster's Commentary: 

Claire and I were in Sydney in 1999. It was a wild place. Sorry to hear it has been toned down.

Feb 06 10:39

A Badly Wounded Deutsche Bank Lashes Out At Central Bankers: Stop Easing, You Are Crushing Us

"We have reached that fork in the road within the monetary twilight zone, where Europe's largest bank is openly defying central bank policy and demanding an end to easy money. Alas, since tighter monetary policy assures just as much if not more pain, one can't help but wonder just how the central banks get themselves out of this particular trap they set up for themselves."

Feb 06 10:27

Chicago Stock Exchange Says It’s Being Sold to Chinese-Led Group

The Chicago Stock Exchange said a Chinese investor group agreed to acquire it, giving the buyer entry into the intensely competitive U.S. equity market. Chongqing Casin Enterprise Group has signed a definitive agreement to acquire the company, according to a statement Friday. The deal values the Chicago Stock Exchange at less than $100 million, according to a person familiar with the matter, who asked to not be identified because the terms weren’t disclosed publicly. The exchange expects the deal to close in the second half of the year, though that will require regulatory approval.

Feb 06 09:41

The Wizard of Oz - What did it really mean?

Can you read between the lines and see the author's intent?

The Wizard of Oz was an allegory for the condition of America in the 1930s following the stock market crash and bankruptcy of the US Government.

Feb 06 08:44

Criminal Bank HSBC Fined $470 Million for 2008 Financial Crisis

By Derrick Broze

Multinational bank HSBC has agreed to a $470 million settlement with the U.S. government for mortgage lending and foreclosure abuses that worsened the 2008 financial crisis, but is it enough?...

Feb 06 07:55

False wars, false ‘money,’ false media… False Flag Super Bowl?

*hyperlinks/videos live at source*

Your question: If US 1% oligarchs concluded they could get away with it, would they stage a False Flag Operation (and here, here) at the 2016 Super Bowl to further their political agenda? Perhaps it would look like this 2-minute clip from the 2002 movie, The Sum of All Fears; with plot of a non-complicit US President and non-false flag terrorism:

https://www.youtube.com/watch?v=H-h_xgdM8FI

Considerations for your answer: History is the best tool to predict future events of specific groups’ plans. This is similar to what both Super Bowl teams do in game strategy: analysis of opponents’ history with reasonable conclusions what they’ve successfully done before, they will likely do again.

But is there a US 1% oligarchy that would orchestrate a False Flag Super Bowl attack? Isn’t that beyond reason???

Feb 05 19:01

AMAZING ECONOMIC RECOVERY! REALLY! ASK BIG-O

Feb 05 18:43

James Turk: COMEX Bled DRY of Gold!

Feb 05 16:47

Global Economy “Trapped in Death Spiral” According to Wall Street Bank

The day is finally here: the economic collapse is admitted. But that won't make things any easier:

The global economy seems trapped in a “death spiral” that could lead to further weakness in oil prices, recession and a serious equity bear market, Citi strategists have warned.

Read more at SHTFplan.com

Feb 05 16:38

Half a Million Fewer Native-Born Americans Had Jobs in January

The number of native-born Americans with a job declined by more than half a million last month, according to not-seasonally adjusted government data released Friday.

Feb 05 15:30

Global Shipping Rates Run Dry

Feb 05 14:47

Switzerland, blood gold capital of the world

Over the millennia the mining of gold has driven some of the world’s most brutal practices, as armed militias enslave entire populations, forcing them to mine with their bare hands or use rudimental tools at the blade of a machete or point of a gun. There is nothing new about ‘blood gold’, it’s just that you had no idea that you were likely supporting it when you bought that special piece of jewelry for your partner or relative. From cheap high street retail chains to the fashion houses of Paris and New York, blood gold adorns us all.

Feb 05 14:43

Athens in flames: Protesters hurl Molotov cocktails at police as tens of thousands take to the streets during general strike over Greek pension reforms

Protesters clashed with riot police in Athens today as protests against pension reforms during a general strike turned into violent chaos.

Some 40,000 people had joined anti-government protests in the Greek capital, and although initially peaceful, sporadic clashes between anarchist protesters and police outside Parliament and in other parts of the city centre soon escalated.

Police used tear gas and stun grenades against the dozens of hooded anarchists, while street vendors, tourists, and onlookers ran to safety as the violence broke out.

Feb 05 14:42

In Case You Missed It: Obama Just Proposed Raising the Federal Gas Tax 136%

In case you missed it, Obama just proposed raising the gas tax to what would amount to 136%.

By proposing a $10 per barrel tax on every barrel of oil produced in the U.S., Obama wants to add a .25 cent gas tax on every gallon of gas you purchase at the pump. He wants to use it to pay for his green transportation initiatives.

Considering federal gas tax is 18.4 cents a gallon currently, this would mean a whopping 136% increase.

(read more)

Feb 05 14:05

Obama Unleashes Open Border Free-for-All: “Might As Well Abolish Our Immigration Laws Altogether”

We’ve seen the strain that unrestricted mass migration has put on the whole of Europe. It is nothing short of cultural shock and awe.

Now.. it’s coming soon to a town near you, as U.S. Customs and Border Patrol agents report they have been ordered to outright release immigrants they may have taken into custody. The days of civil unrest seem to be closing in.

Read more at SHTFplan.com

Feb 05 14:01

GOLD – It’s time to pay attention

The last time I shared my thoughts on gold, a subject I had previously wrote about constantly, was all the way back in July of last year. That post was titled, 4 Mainstream Media Articles Mocking Gold That Should Make You Think. Here’s an excerpt:

Feb 05 13:19

BILL TO END OPERATION CHOKE POINT CLEARS U.S. HOUSE OF REPRESENTATIVES

A bill seeking to bring an end to Operation Choke Point, the government program launched in 2013 that seeks to disconnect certain businesses from the banking industry, got a boost this week as H.R. 766 passed the U.S. House of Representatives by a vote of 250-169.

Feb 05 12:33

Four reasons the January jobs report is fishy

The U.S. jobs report for January appears to show a big slowdown in hiring at first glance. But changes in monthly employment can be quite fickle and a few things looked fishy.

Here are four reasons you should view the January employment report in a different light — and wait another month or two to see if the labor market is really in retreat.

Feb 05 11:39

Super Bowl Takes Priority Over Humans As Riot Police “Sweep Away” the Homeless Before Big Game

By Justin Gardner

The priorities of San Francisco city government are being put on stark display as homeless people, and those supporting them in protest, are being cleared out to make way for Super Bowl festivities. The spectacle of American football, and the millions of dollars that come with it, are far more important than the well-being of the city’s less fortunate...

Feb 05 11:17

END OF THE FED: IT CAN’T DO ANY OF THE THINGS IT’S SUPPOSED TO DO

Janet Yellen has been in the news with her often-stated determination to create price inflation.

Why Fed officials are so scared to death of the deflation we all look for at the shopping mall each weekend is anybody’s guess. Ours is that it keeps the crony banking system and its inflated bureaucracy afloat – on a sea of green, like in a yellow submarine.

But it doesn’t really matter. The Fed can’t do what Congress has decided it needs to do, anyway. That’s because the Fed is a state-empowered monopoly. And its dictates amount to price fixing, which never works.

Feb 05 10:33

The War On Savers And The 200 Rulers Of World Finance

What kind of crank economics contends that brutally punishing two of the great, historically-proven economic virtues——-thrift and prudence—-is the key to economic growth and true wealth creation?

In this age of relentless consumption and 140 character tweets, what kind of insult to common sense argues that human nature is prone to save too much, defer gratification too long, shop too sparingly and consume too little?

Forget all of their mathematical economics and DSGE model regressions. Our 200 unelected rulers are enthrall to a dogma of debt that is so primitive that it’s just plain dumb.

By purchasing existing debt with digital credit conjured from the “send” key on central bank computers, they make room for more and more of it. And they do so without the inconvenience of deferred consumption or an upward climb of interest rates owing to an imbalance of borrowings versus savings.

Feb 05 10:29

IN SPAIN, THEY’RE GOING AFTER THE BANKSTERS

To Put Bankers Behind Bars, Spanish Citizens Take the 1% to Court

Feb 05 10:27

70% Of Jobs Added In January Were Minimum Wage Waiters And Retail Workers

For those curious where the big jump in earnings came from, the answer appears rather simple: the reason, according to the BLS' breakdown of jobs added in January (per the Establishment survey), of the 151,000 jobs added in the past month, retail trade added 58,000 jobs in January, while employment in food services and drinking places, aka waiters and bartenders, rose by 47,000 in January.

In other words, 70% of the job gains in January went to minimum wage workers.

Feb 05 10:23

All Job Gains Since December 2007 Have Gone To Foreign-Born Workers

We first laid out what that is last September when we said that "the one chart that matters more than ever, has little to nothing to do with the Fed's monetary policy, but everything to do with the November 2016 presidential elections in which the topic of immigration, both legal and illegal, is shaping up to be the most rancorous, contentious and divisive."

We were talking about the chart showing the cumulative addition of foreign-born and native-born workers added to US payrolls according to the BLS since December 2007, i.e., since the start of the recession/Second Great Depression.

As usually happens, it is precisely this data that gets no mention following any job report. However, with Trump and his anti-immigration campaign continuing to plow on despite the Iowa disappointment, we are confident that the chart shown below will soon be recognizable to economic and political pundits everywhere.

Webmaster's Commentary: 

Corporations love H1 visas (coupled with massive, illegal immigration), because they so lower the cost of doing business.

Feb 05 10:13

Citi: World economy trapped in ‘death spiral’

The global economy seems trapped in a "death spiral" that could lead to further weakness in oil prices, recession and a serious equity bear market, Citi strategists have warned.

Some analysts — including those at Citi — have turned bearish on the world economy this year, following an equity rout in January and weaker economic data out of China and the U.S.

"The world appears to be trapped in a circular reference death spiral," Citi strategists led by Jonathan Stubbs said in a report on Thursday.

"Stronger U.S. dollar, weaker oil/commodity prices, weaker world trade/petrodollar liquidity, weaker EM (and global growth)... and repeat. Ad infinitum, this would lead to Oilmageddon, a 'significant and synchronized' global recession and a proper modern-day equity bear market."

Webmaster's Commentary: 

We at WRH told you this was coming; it was only a matter of when.

And please, if you have not already done so, start making some clear and definitive preparations to take care of yourself, and the people you care about.

Make sure you have long-term storable food, water purification, and extra medications for yourselves and your pets. If there is a major disruption in the supply chain (and The Baltic Dry Index has all but collapsed), you need to know that you and those you care about can be as self-reliant as possible.

If you have kids in school, should you need to get them back safely with you, understand clearly what the school policy is on releasing kids before the end of their school day. If you need to be mobile, make sure you have a bug-out kit in the car, and keep it stocked, and have a plan as to where you need to go.

Start building community with like-minded people in your neighborhoods, and see how you can be of mutual help. Find capabilities with which you can barter.

I really don't want to be "Mrs. Chicken of Hawaii, 2016", but folks; something wicked this way comes. Preparation will be the key to survival when the excrement hits the ventilator, big-time.

Feb 05 10:07

70% Of Jobs Added In January Were Minimum Wage Waiters And Retail Workers

According to the BLS' breakdown of jobs added in January of the 151,000 jobs added in the past month, retail trade added 58,000 jobs in January, while employment in food services and drinking places, aka waiters and bartenders, rose by 47,000 in January. In other words, 70% of the job gains in January went to minimum wage workers.

Feb 05 09:56

2016 January Layoffs List:

Feb 05 09:47

As Yemen Bleeds, British Profits from Weapons Sales “Bury Human Rights”

It is more than possible to speculate why Prime Minister David Cameron has declared it his mission to scrap the Human Rights Act – which is incorporated into the European Convention on Human Rights – it appears he simply does not believe in human rights.

For example, the fact that Saudi Arabia executed – including beheadings – forty seven people in one day last month, displaying their bodies from gibbets, failed to deter him from having British military experts to work with their Saudi counterparts, advising on which targets – and which people, it seems – to bomb in Yemen. Parliament has not been consulted, thus, without a chance to debate and vote, democracy too has been suspended.

Webmaster's Commentary: 

It's all about the money from the arms sales, and Cameron is utterly no less beholden to the military/industrial complex of the UK than is Obama to the military/industrial complex in the US.

And of course, to enter into deals with fanatical tyrants, who so readily kill and maim their own people, one also has to have one's conscience surgically removed; I am sure that this has been the case with both Cameron and Obama.

Feb 05 09:46

Shocking New Secrets on the FBI-Sanctioned Assassination of LaVoy Finicum

The fact that Bundy only tells law enforcement to go home, raises more SERIOUS suspicions about the BS narrative being pumped out by the FBI and the mainstream media. It draws even more attention to, and only further demands that there be an investigation into the government-sanctioned assassination of rancher LaVoy Finicum.

Feb 05 09:45

From Jail: A Statement From Ammon Bundy to the Public Today, Feb 4 2016

The following is a letter and a recorded statement given today (2/4/16) from Ammon Bundy which was sent out via email by his mother Carol Bundy from the Bundy Ranch. At the conclusion of the letter is a link to contribute to Ammon Bundy’s legal defense fund, should you wish to lend a hand.

Feb 05 09:44

SocGen claims China is only months away from burning through its currency reserves

China is burning through its foreign-currency reserves at such a blistering pace that the country will run down its cushion in a few months, forcing the government to wave the white flag and float the yuan, says Société Générale global strategist Albert Edwards.

Webmaster's Commentary: 

Money has been weaponized!

Feb 05 09:32

US layoffs surge to 6-month high: Challenger

Layoffs surged in January to the highest levels since July as employers in the retail and energy sectors pulled out the pink slips, according to a private survey out Thursday.

U.S.-based companies announced 75,114 planned job cuts last month, up more than 200 percent from a 15-year low in December, according to global outplacement firm Challenger, Gray & Christmas. That figure was also 42 percent higher from a year ago.

Retailers were the biggest job cutter, despite a nearly 8 percent bump in U.S. holiday sales in 2015. The sector slashed 22,246 positions, a seven-year high.

Wal-Mart accounted for much of the payroll reductions. The nation's largest retailer said it plans to close 269 stores and expects to let go 16,000 workers.

Macy's said it will also shutter some locations this year, costing 4,820 employees their jobs.

Webmaster's Commentary: 

But the official US Government unemployment report says unemployment is below 5%.

And if you believe THAT one, I have some of Saddam's nuclear weapons to sell you!

Feb 05 09:30

Monsanto Actually DID Buy the BLACKWATER Mercenary Group

A report by Jeremy Scahill in The Nation revealed that the largest mercenary army in the world, Blackwater (later called Xe Services and more recently “Academi”) clandestine intelligence services was sold to the multinational Monsanto. Blackwater was renamed in 2009 after becoming famous in the world with numerous reports of abuses in Iraq, including massacres of civilians. It remains the largest private contractor of the U.S. Department of State “security services,” that practices state terrorism by giving the government the opportunity to deny it.

Almost simultaneously with the publication of this article in The Nation, the Via Campesina reported the purchase of 500,000 shares of Monsanto, for more than $23 million by the Bill and Melinda Gates Foundation, which with this action completed the outing of the mask of “philanthropy.” Another association that is not surprising.

Webmaster's Commentary: 

Feb 05 09:24

As Americans Prep for Super Bowl Sunday, Their Future Is Being Sold to the Corporate Elite

By Claire Bernish

“Films, football, beer, and above all, gambling filled up the horizon of their minds. To keep them in control was not difficult….” ? George Orwell, 1984

As Americans train their attention to Super Bowl 50, their way of life — and for nearly half a million people, their livelihoods — just got one step closer to being signed away. This Thursday, in Auckland, New Zealand, representatives of the twelve nations participating in the Trans-Pacific Partnership gathered to sign the massive trade deal turned corporate coup, bringing an end to the obligatory 90-day period ostensibly set aside for debate, following the close of five years of negotiations in October...

Feb 05 09:15

FLASHBACK - The Vaccine Hoax is Over. Documents from UK reveal 30 Years of Coverup

Freedom of Information Act in the UK filed by a doctor there has revealed 30 years of secret official documents showing that government experts have

1. Known the vaccines don’t work
2. Known they cause the diseases they are supposed to prevent
3. Known they are a hazard to children
4. Colluded to lie to the public
5. Worked to prevent safety studies

Those are the same vaccines that are mandated to children in the US.

Feb 05 09:14

BEX ALERT - U.S. Unemployment Rate Falls Below 5%

The American economy’s jobs machine cooled in January but still performed well enough to push unemployment to an eight-year low and deliver some much-needed wage gains for ordinary workers.

Webmaster's Commentary: 

Feb 05 09:11

Confirmed Mercenaries Pose as FBI in Burns Oregon

Feb 05 09:10

NOTHING CAN STOP COLLAPSE 2016 | Bo Polny

Feb 05 09:09

UKRAINE GOVERNMENT IN CHAOS AS DEALS WITH OLIGARCHS, NEO-FASCISTS FRAY

The deal was pretty simple: in exchange for aligning with the Western-backed, post-coup government in Kiev against Russia, the corrupt oligarch class of Ukraine could keep their economic power and the wealth they made looting the country. The arrangement had the value of helping to temporarily secure the government in Kiev from a second coup and providing a funding source for the far-right militias sent to fight Russian-backed separatists in the east. The oligarchs largely went along for fear of losing their positions, or even their lives, as the government in Kiev had come to power through violence and vocal opponents of the new regime began disappearing.

Feb 05 09:08

US Gambles on Design to Make Nuclear Gravity Bombs Compatible With F-35 Jet

The B-61 nuclear gravity bomb needs design changes to be compatible with, and to be delivered by the new F-35 Lightning II aircraft, but it will be years before the US Air Force knows if the changes actually work, a Government Accountability Office (GAO) report said.

Feb 05 09:01

Clinton Struggles to Explain Wall Street Ties at Debate

Clinton has been grappling with how to deal with the repeated questions from Sanders and others about her ties to Wall Street, and she tried yet another approach in the event at the University of New Hampshire in Durham. It seemed unlikely that her latest answers would put the issue to rest, in a year when seething voter anger at Wall Street has propelled Sanders to a 20-point lead in New Hampshire.

Feb 05 08:52

Baltic Dry Index

298.00

Webmaster's Commentary: 

Oops!

Feb 05 08:45

There Is No Freedom Without Truth — Paul Craig Roberts

When the Soviet Union collapsed in 1991, the “Soviet threat” was replaced with the “Muslim threat” and the “War on Terror” took over from the Cold War. Despite a succession of false flag attacks and warnings of a “thirty years war,” a few thousand lightly armed jihadists were an insufficient replacement for the Soviet Union and its thousands of nuclear ICBMs. It was an uncomfortable notion that the “world’s only superpower” could not dispose of a few terrorists.

So we are back to the Cold War with Russia. The propaganda is fast and furious. “Putin is the new Hitler.” “Russia invaded Ukraine.” Russia is about to invade the Baltics and Poland.” “Putin is a corrupt multi-billionaire.” “Putin is scheming to recreate the Soviet Union.” These accusations become headlines despite US military spending being a dozen or more times higher than Russian military spending and the Russian government expressing no hegemonic aspirations.

Feb 05 08:35

Gold And Silver Best Performing Assets – Up 9% and 8% YTD

Gold is 3.6% higher this week and is now over 9% higher year to date. The dollar saw sharp falls this week on growing doubts that the Federal Reserve will be able to raise interest rates. The gains this week were due to increasing concerns about the U.S. and global economy.

Feb 05 08:27

U.S. Seeks up to $48 Billion in Fines Against VW for Emissions Cheating

It's been nearly four months since the news broke that Volkswagen had been cheating to get around diesel emissions standards, but the scandal is far from over. The federal government has filed suit against the German automaker, and today we learned that the Department of Justice is seeking up to $48 billion in penalties.

Feb 05 08:27

TPP signing sparks dozens of protests across US over biggest trade pact

Over 35 protests were organized in US cities to mark opposition to the signing of the Trans-Pacific Partnership, a huge international trade deal between 12 Pacific Rim nations representing 40 percent of the global economy.

Webmaster's Commentary: 

"Well, who CARES what you people think? We are here to make money. MONEY! What you want doesn't matter!" -- Official White Horse Souse

Feb 05 08:11

US tech companies have stashed over $420 billion overseas

It's no secret that the US government wants companies to bring more of their offshore profits back home for the sake of taxes, and it's now exceptionally clear as to why. Bloomberg has sifted through financial filings and discovered that the top eight American tech firms, including Apple, Google and Microsoft, are keeping more than $420 billion overseas -- $69 billion of it added in just the past year. That's over a fifth of the $2.1 trillion held abroad by American companies, and would easily cover a lot of government expenses. A tax on Microsoft's recent profits alone ($29.6 billion) would cover NASA and the Commerce Department for a year; Apple ($23.3 billion) could take care of the Transportation Department and Social Security, and Oracle could foot the bill for the Labor Department.

Webmaster's Commentary: 

Corporations get away with this...because they can.

and in light of the reality that corporations own the United States Government, I seriously doubt that this is going to change anytime soon.

Feb 05 08:07

US, JAPAN, CANADA, AUSTRALIA AND 8 OTHER COUNTRIES SIGN TRANS PACIFIC PARTNERSHIP AGREEMENT

The Trans Pacific Partnership (TPP) would be horrible for Americans and the people of the world.

But most politicians are thoroughly corrupt. Neither the Democratic or Republican parties represent the interests of the American people. Both parties ignore the desires of their own bases.

So today, 12 countries – Brunei, Chile, New Zealand, Singapore, Australia Canada, Japan, Malaysia, Mexico, Peru, United States and Vietnam – signed the TPP.

They never followed through on their promise of an open and lively debate.

Webmaster's Commentary: 

Politicians in the US care only for the corporations which fund their campaigns; those people they allegedly represent have become totally irrelevant, and an annoyance to the acquisition of their person wealth.

At this moment, Americans politicians can only be characterised as a pernicious disease,metastasizing in a system guaranteed to offer them untold wealth, as long as they explicitly follow the orders of their corporate masters.

And Lloyd Blankfein wonders why the American people are furious, and ready for massive change this year, other than the establishment, which has bankrupted them, to assure the establishment's permanent gain?!?!

Feb 05 08:01

ISRAEL ‘FEELING HEAT’ OVER SETTLEMENT BUSINESSES

The consequences of Israeli occupation and anti-Palestinian discrimination for Israel’s economy are now coming faster than ever.

Feb 05 07:58

Interior Ministry: Hackers’ attack against Russian banks in 2015 affected Visa, MasterCard

An attack against the Russian banking system made by hackers last year compromised Visa and MasterCard international payment systems, representative of the Cybercrime Department of the Russian Interior Ministry Alexander Vurasko said on Thursday.

"The specificity of that [hackers’] ring was that they managed to compromise the largest international payment systems, including Visa and MasterCard. It made possible for them to attack processing center, modified transmitted information, and attack interbank exchange systems," the official said.

Feb 05 07:33

22 Signs That The Global Economic Turmoil We Have Seen So Far In 2016 Is Just The Beginning

As bad as the month of January was for the global economy, the truth is that the rest of 2016 promises to be much worse. Layoffs are increasing at a pace that we haven’t seen since the last recession, major retailers are shutting down hundreds of locations, corporate profit margins are plunging, global trade is slowing down dramatically, and several major European banks are in the process of completely imploding.

Webmaster's Commentary: 

Feb 05 07:28

Obama to propose $10-a-barrel oil tax

President Barack Obama is about to unveil an ambitious plan for a “21st century clean transportation system.” And he hopes to fund it with a tax on oil.

Webmaster's Commentary: 

And we can expect Obamatrain to work as well as Obamacare, Obamawind, and Obamasolar!

Feb 05 07:13

Stolen Wages - Fault Lines

Feb 05 07:02

The American Dream Is Dead, And Now Even The Mainstream Media Is Starting To Admit It

Are you living “the American Dream”? If so, you should consider yourself to be very fortunate, because most Americans are not. In fact, as you will see below, a new survey has found that there is nowhere on the entire planet where the average wage earner is making enough money to live “the American Dream”. Once upon a time, the United States had the largest and most prosperous middle class in the history of the world, but now the middle class makes up a minority of the population, 51 percent of all American workers make less than $30,000 a year, and poverty is growing rapidly.

Feb 04 18:49

Windows 10 Solitaire requires a subscription to remove ads

Windows 10—which is out now, by the way—comes, as it used to in the pre-Win8 days, with Solitaire preinstalled. The Microsoft Solitaire Collection, in fact, which bundles the classic Klondike with other familiar variants like Freecell and Spider Solitaire, tracks stats and logs achievements, and will even have leaderboards at some point. It also has ads.
You can make the ads go away, but, as you may have guessed, it'll cost you, and not just once: The Microsoft Solitaire Collection Premium Edition is effectively a subscription service that goes for $1.50 a month, or $10 for a year.

Feb 04 16:39

Wall Street donors account for 40 percent of super PAC funds in US election

The 2016 US election campaign has exposed deep-seated popular alienation from the entire political establishment and growing anger over the domination of US society and politics by Wall Street. Democratic contender Bernie Sanders, who calls himself a democratic socialist, has capitalized on this sentiment by basing his campaign on denunciations of the “billionaire class” and an electoral process dominated by corporate money.

Feb 04 16:37

Many UK children go to school hungry

A survey conducted by YouGov on behalf of breakfast manufacturer Kellogg’s has exposed the extent of food poverty among children in the UK.

Feb 04 16:19

BREAKING: Obama Just Quietly Signed the TPP

“The American people have been left out of the Trans-Pacific Partnership from the very beginning and it shows in the resulting agreement. If this deal is enacted, the American people will be left behind as corporations benefit.”

Feb 04 16:16

America’s favorite coffee trend may be coming to an end

Several years ago, coffee pods seemed invincible. Sales of the single-serve cups were skyrocketing, more than tripling in the United States between 2011 and 2013. Sales of coffee pod machines were soaring, too, growing from 1.8 million units to 11.6 million between 2008 and 2013, according to data from market research firm Euromonitor.

Today, however, things aren't looking quite so rosy for coffee in its most convenient form.

Webmaster's Commentary: 

I thought it was a dumb idea to begin with.

Feb 04 15:49

GOLD – It’s Time to Pay Attention

Feb 04 15:44

Bleeding the Beast--Warren Jeffs, Colorado City and Homeland Security--Reported by Mike Watkiss

Feb 04 15:22

A Giga Breakout In A Mid-Sized Gold Miner

Feb 04 15:17

Autodesk announces 925 layoffs — 10% of its workforce — as part of restructuring plan

Design-focused software firm Autodesk has announced a “restructuring plan” as the company looks to expedite its transition to the cloud and a “subscription-based business model.”

Webmaster's Commentary: 

I could care less. I never did get my 3D Studio Max to install under Windows 7. As far as I am concerned, Autodesk and their subscription model can go to hell!

Feb 04 15:10

45 million Americans rely on food stamps, 1 million about to lose them – report

One in seven Americans still depends on food stamps, according to Bloomberg News. Now with the US economy on the rebound, some states are imposing time limits on the program, and that could mean trouble for the 45.4 million people relying on them.

Feb 04 15:04

The Continuing Demonization of Cash

The insidious nature of the war on cash derives not just from the hurdles governments place in the way of those who use cash, but also from the aura of suspicion that has begun to pervade private cash transactions. In a normal market economy, businesses would welcome taking cash. After all, what business would willingly turn down customers? But in the war on cash that has developed in the thirty years since money laundering was declared a federal crime, businesses have had to walk a fine line between serving customers and serving the government. And since only one of those two parties has the power to shut down a business and throw business owners and employees into prison, guess whose wishes the business owner is going to follow more often?

Feb 04 15:00

Peter Schiff: “The U.S. Is One Gigantic Bubble Economy”

The United States financial system – including the viability of the U.S. dollar – is analogous to the eruption of Mt. Vesuvius. A lot of people know something is wrong – evidenced by the growing support for the Trump candidacy – and yet 99.5% of the population is ignoring the warning signs of a systemic eruption of unknown magnitude. It’s an event that draws closer with each passing day.

Feb 04 14:49

‘Too low, too slow, too narrow’: UK economists slam Cameron’s refugee policy

The Cologne Institute for Economic research has issued some alarming figures showing that the total estimated aid for refugees for this year and the next will cost Germany 50 Billion euros.

Feb 04 14:45

Louis Cammarosano: Gold & Silver - Explosive Demand/Diminishing Supplies

Feb 04 14:45

The Dethroning of Cash: Discouraged, Penalized, Even Banned?

Stock market gyrations and deteriorating global economic conditions in the early goings of 2016 sent investors fleeing for safety. Or at least what is commonly thought to be safety.

Many in the financial media are now trotting out the bromide that “cash is king.”

But how can cash be king when central banks around the world are working diligently and creatively to PUNISH holders of cash?

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