ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Jul 24 19:33

Shame on Eric Holder, Wall Street’s Attorney General

Well, well, well. Eric Holder is returning to his cushy job at Covington & Burling where he reportedly pulled in $2.5 million the last year he was there. Holder didn’t think it was strange he was returning to one of Wall Street’s most highly regarded defense firms after all the bankers he let breezily carry on with fraud, bribery, money laundering, tax evasion and plenty of other very prosecutable offenses during his tenure as US attorney general.

Jul 24 16:19

Social Security not looking too good

Jul 24 15:45

Tax staff pinged for sick leave

Inland Revenue Department staff are being hauled before their manager if they have even one day off ill, as the tax agency grapples with its high level of sick leave.

The meetings, dubbed "welcome back conversations", are part of a new initiative - Supporting Positive Attendance - introduced after the IRD noticed skyrocketing rates of staff taking sickies.

After starting the project two years ago, it had gone from second worst to third worst department in the public sector. The tactics have raised the eyebrows not only of staff, but also of an employment expert who says the department is dancing close to the edge when it comes to obligations under the Holidays Act and possibly the Privacy Act.

Jul 24 15:44

Selling Off Apache Holy Land

Three hundred people, mostly Apache, marched 44 miles from tribal headquarters to begin this occupation on Feb. 9. The campground lies at the core of an ancient Apache holy place, where coming-of-age ceremonies, especially for girls, have been performed for many generations, along with traditional acorn gathering. It belongs to the public, under the multiple-use mandate of the Forest Service, and has had special protections since 1955, when President Dwight D. Eisenhower decreed the area closed to mining — which, like cattle grazing, is otherwise common in national forests — because of its cultural and natural value. President Richard M. Nixon’s Interior Department in 1971 renewed this ban.

Jul 24 15:33

Fund Manager: Anti-Gold Propaganda Reaches Bubble Proportions

There’s a new bubble in town. It’s anti-gold propaganda.

The anti-gold propaganda spewing forth from all corners of the media is greater and more intense than I’ve ever seen any investment propaganda. Every time I turn on Bloomberg, FoxBiz or CNBC there’s a discussion of how useless gold is. It’s beyond surreal – it’s criminal.

Jul 24 15:33

“F” the EU Nuland Uses Doctored Wiretaps To Pull-Off Another Regime Change, This One In Macedonia

Macedonia’s political leaders have reached agreement on an interim government and an independent investigation into allegations of illegal wiretapping, electoral fraud and state-backed corruption in the former Yugoslav republic.Political leaders said the deal brought to an end a poisonous political dispute in the EU candidate country, which had been gripped by mass demonstrations and deadly clashes that echoed the country’s 2001 violent inter-ethnic conflict. Johannes Hahn, the EU enlargement commissioner who mediated the talks, told local reporters on Wednesday that the country’s leaders had brought Macedonia closer to its ambition of EU membership by reaching a deal.

Jul 24 15:32

Subway Restaurant’s Struggles Compounded by the “Jared Issue”

Investigation into former Subway spokesperson Jared Fogle couldn’t have come at a worse time for the restaurant.

Jul 24 15:32

Hillary Clinton Shares Economic Vision

Hillary Clinton recently shared her economic vision for American while visiting New York City.

Jul 24 15:31

1.1 Million Fingerprints Stolen in OPM Hack

Hackers who stole millions of federal personnel folders from OPM also accessed over 1.1 million fingerprint records.

Jul 24 14:16

The little case that threatened the entire Banking system.

I want to tell you about a simple little case from an obscure little court, where the findings and verdict posed such a danger to the money power, that they tried to prevent the judge from even entering the verdict. He refused. One week later the judge had an “unfortunate” fishing accident and died.

As for the lawyer/individual who brought the case and won it to the jury? Well he was coincidentally disbarred. Oh and the case findings? they were “nullified” on procedural grounds because well, “that’s the law”. And now of course, any lawyer who attempts to cite the case, well, they too face sanctions and possible disbarment by the “licensing” system the government runs that “allows” them to operate in the “legal system” the government runs. Remember, it is all just “following the law”. What, do you not “support law and order”? You probably hate kittens too then.

Webmaster's Commentary: 

According to this other article, the judge was poisoned!

Jul 24 13:04

"Retailers" Ready To Strike For $15

Jul 24 11:31

DOW JONES - No Friday Happy Ending no matter how hard the PPT massages the numbers!)

Jul 24 10:03

Want to be rich? It helps if you're a psychopath: Economist reveals common factors among the world's wealthiest people

He begins with ancient Rome. Marcus Crassus, one of the triumvirate who ruled in the 1st century BC, was at least 400,000 times richer than the average citizen.

Finding himself on the winning side in the civil war, he ensured that his political enemies were put to death and that all their fortunes went to him.

By our more scrupulous standards today we would probably regard him as an out-and-out villain. But around the world there are still people making vast fortunes by grabbing what isn't theirs to grab. I shall not name names, but you probably know who I mean.

Jul 24 09:54

Who's Right - Commodities Or Fed?

Jul 24 09:05

'Dark Cloud' of ALEC Converges at Annual Corporate-Political Lovefest

Fighting to protect dark money. Attacking federal efforts to rein in carbon pollution. Undermining local democracy. These are just some of the "hot topics" on the agenda this week as conservative lawmakers, corporate lobbyists, and top GOP candidates from around the country gather in San Diego for the American Legislative Exchange Council (ALEC)'s annual meeting. "A dark cloud is headed our way in the form of a shadowy lobbying organization that buys loyalty from state legislatures with untraceable corporate dollars and threatens the very fabric of our democracy."

Jul 24 08:56

Big Pharma Wants Mutants – Their DNA Could Be Worth Billions

If you’re a mutant I fear for you: the drug companies want your DNA and will do anything to get it...

Steven Pete can put his hand on a hot stove or step on a piece of glass and not feel a thing, all because of a quirk in his genes. Only a few dozen people in the world share Pete’s congenital insensitivity to pain. Drug companies see riches in his rare mutation. They also have their eye on people like Timothy Dreyer, 25, who has bones so dense he could walk away from accidents that would leave others with broken limbs. About 100 people have sclerosteosis, Dreyer’s condition.

Jul 24 08:04

Bipartisan agreement on austerity at Australian premiers’ summit

This week’s two-day “retreat” and summit involving Australian Prime Minister Tony Abbott and the leaders of the country’s six states and two territories turned into a veritable love-fest between Abbott’s Liberal-National Coalition and the Labor Party, which holds office in four of the states and territories.

Jul 24 07:56

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

While the result of a referendum is not always legally binding, it nonetheless provides an explicit political mandate to the government which has to be followed. A referendum cannot be based on an a priori deception. The results cannot be ignored in a democracy.

The referendum was held while the Tsipras government had already decided to cave in to the creditors.

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

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

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

Jul 24 07:15

In Order Not To See All Of The Signs That Are Pointing Toward A Global Economic Slowdown, You Would Have To Be Willingly Blind.

If you are looking for a “canary in a coal mine” type of warning for the entire global economy, you have a whole bunch to pick from right now. “Dr. Copper” just hit a six year low, Morgan Stanley is warning that this could be the worst oil price crashin 45 years, the Chinese economy is suddenly stalling out, and world trade is falling at the fastest pace that we have seen since the last financial crisis.

Jul 24 06:48

11 signs that America has already gone down the toilet

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

Jul 24 06:47

Is the Echo Housing Bubble About to Burst?

Jul 24 06:18

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

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

Jul 24 05:15

New Low, Nice Bounce

Jul 24 04:43

50 Years Ago Today US Government Debased Silver Coinage

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

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

Jul 23 23:11

More Layoffs Announced At IBM

Jul 23 19:32

The Human Farm and The Cage You Were Born Into

Isaac Davis, Staff Writer
Waking Times

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

Jul 23 15:56

Easing does it: More cash rate cuts on the horizon

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

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

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

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

Jul 23 15:46

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

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

Jul 23 15:46

Why credit card rates won't be coming down

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

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

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

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

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

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

Jul 23 15:07

Confederate History-Dispelling The Myths

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

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

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

Jul 23 14:14

MTV Is About To Go Under As Consumers Ditch TV

Jul 23 12:37

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

Jul 23 12:36

Kremlin to Seize Foreign Assets in Response to Frozen Russian Capital

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

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

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

Jul 23 12:22

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

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

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

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

Webmaster's Commentary: 

Or be fired.

Jul 23 11:42

Texas To Federal Reserve: Give Back Our Gold

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

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

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

Jul 23 11:22

Dictators and Billionaires Demand Creation of UN Tax Agency

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

Jul 23 11:20

Congress headed for potential shutdown as GOP admits spending bills stalled

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

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

Webmaster's Commentary: 

Jul 23 11:11

Poland: We Won't Pay a Penny for Greece

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

Jul 23 11:11

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

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

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

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

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

Jul 23 10:20

Gold, Silver, Equities: Megaphone Patterns

Jul 23 10:06

Where Gold Goes from Here

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

Jul 23 09:23

Gold - Confiscation of Middle Class Wealth?

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

Jul 23 08:51

CDC Suggests Mothers Delay Breastfeeding to Enhance Vaccine

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

Jul 23 08:18

Comparison of October 2007 and today

Jul 23 08:07

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

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

Jul 23 07:14

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

*hyperlinks/videos live at source*

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

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

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

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

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

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

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

Jul 23 06:36

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

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

Jul 22 22:05

The Tragicomedy Performed at the Greek Parliament

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

Jul 22 21:59

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

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

Jul 22 21:48

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

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

Jul 22 21:21

Money Launderer Well Fargo To Cut Jobs

Jul 22 19:02

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

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

Jul 22 18:05

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

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

Jul 22 16:08

McCullough: Gold vs. Central Bankers?

Jul 22 15:38

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

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

Jul 22 15:11

The advertising glut dooms the social media industry

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

Jul 22 13:05

THE LOOTING OF SOCIAL SECURITY TO BALANCE THE FEDERAL BUDGET

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

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

Webmaster's Commentary: 

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

Jul 22 12:53

Far More Despicable Than Treason.

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

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

Jul 22 12:37

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

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

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

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

Jul 22 12:27

Brooklyn Hipsters Sell Water For $11 A Liter

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA