ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Apr 01 07:20

China Gloats

As of 6 p.m. Tuesday, a total of 46 countries had applied to be founding members of #AIIB. Founding membership will be finalized on April 15

And while Washington has proclaimed Russia as "isolated", we wonder what the AIIB applications makes America?

Apr 01 07:09

Updated: ADP Shows 189K Private Sector Jobs Created In March

U.S. companies further slowed the pace of hiring in March, falling below 200,000 jobs, according to the latest employment data released by payrolls processor ADP Wednesday.

Apr 01 06:52

World Gold Reserves May Run out in 20 Years

Recently, Goldman Sachs came out with a new prediction for the gold mining industry. With new gold discoveries on the decline, it appears that there may only be about 20 years worth of known reserves left to mine, and that gold production may hit its peak this year.

Apr 01 04:54

U.S. Asian, European "Allies" Pivot away from Washington

President Barack Obama’s much-heralded «Pivot to Asia» lies in tatters as European and Asian «allies» of the United States march away from the heavily U.S.-influenced Asian Development Bank (ADB) and International Monetary Fund (IMF), as well as the American-led World Bank, to join China’s Asian Infrastructure Investment Bank (AIIB).

Mar 31 20:33

Australia to Start Taxing Bank Deposits

Mar 31 20:22

The Stock Market In 2015 Is Starting To Look Remarkably Similar To The Stock Market In 2008

Are we watching a replay of the last financial crisis? Over the past six months, the price of oil has collapsed, the U.S. dollar has soared, and a whole bunch of other patterns that we witnessed just before the stock market crash of 2008 are repeating once again.

Mar 31 16:02

BIGGEST CASH HOARDERS ON EARTH

Mar 31 14:45

Gold In Fed Vault Drops Under 6,000 Tons For The First Time, After 10th Consecutive Month Of Redemptions

Two months ago, when looking at the most recent physical gold withdrawal numbers reported by the Fed, we observed something peculiar: between the publicly reported surprise redemption by the Netherlands (122 tons) and the just as surprise redemption by the Bundesbank (85 tons), at least 207 tons of gold should have vacated the NY Fed’s gold vault.

Instead, the Fed reported that in all of 2014 “only” 177 tons of gold were shipped out of the massive gold vault located 90 feet below 33 Liberty Street.

Mar 31 14:04

5 Charts Which Show That the Next Economic Crash Is Dead Ahead

Some people would have you believe that nobody can anticipate the next great economic downturn and that to try to do so is just an exercise in “guesswork”. But that is not the case at all.

Mar 31 13:33

BILLIONS BLOWN IN AFGHANISTAN RECONSTRUCTION

After routing the Taliban in Afghanistan in 2001, the U.S. government began a now 13-year effort to stabilize and develop the country. It has cost taxpayers billions — and some say, achieved little. These stories examine the waste and problems plaguing U.S. reconstruction efforts that, despite the end of combat, will continue to cost billions — even as our military presence shrinks.

Mar 31 12:40

TPP Opponents Mobilize as Powerful Forces Seek to Ram Through 'Fast Track' Trade Authority

Lawmakers in favor of the pro-corporate trade deals hope to vote on Fast Track legislation in mid-April.

Mar 31 12:32

How to Make the Decision Between Buying or Renting

If the recent housing crash taught us anything, it’s that buying property isn’t right for everyone.

Mar 31 11:56

Ron Paul on the Indiana Religious Freedom Restoration Act

Do we turn Political Correctness in to law?

Mar 31 11:51

US wages wars for its corporations, such as Halliburton

An American antiwar activist in Chicago says corporations, such as Halliburton Company, are running the United States and the country is waging devastating wars to secure these companies' global interests.

Mar 31 11:48

Rickards’ economics predictions for 2015

Mar 31 11:09

For the Fed, inflation is way off target.

Mar 31 10:55

Central bank cuts downpayment rate in China to 40pc

China's central bank lowered the minimum downpayment levels on second homes nationwide, scrapping a key policy originally aimed at controlling housing prices.
The People's Bank of China, the central bank, said the minimum deposit for individuals buying additional housing would be set at 40 percent, according to a statement on its website.
The level was previously 60 to 70 percent, Xinhua said.
The PBoC said the move was aimed at “supporting residents' home ownership and improving housing demand.’’

(*Contrasting the intimidation technique of the loss of home ownership , currently being proudly boasted by The City Of Detroit Michigan , U.S.A)

Mar 31 10:54

"Not so long ago, Rainbow Court mobile home park was a peaceful, pleasant community of senior citizens. Today it is a Mad Max

, dystopian landscape of broken and abandoned trailers"

Developers moving in on Florida mobile home parks (w/video)

Mar 31 10:45

Hundreds Hope To Avoid Foreclosure

Hundreds hope to avoid home foreclosure in Wayne County

Detroit — Several hundred property owners showed up Tuesday morning at the Wayne County Treasurer’s office to meet the deadline to pay property taxes and avoid foreclosure.

Treasurer Raymond Wojtowicz is pursuing a record number of foreclosures this year and activists have called for him to enact a moratorium to prevent potentially thousands of people from losing their homes.

Mar 31 10:17

Who Spies for Israel in Washington’s Nuclear Negotiations?

All those Zionist ‘wise-guys’ of both genders, who think they have been so clever using their high office to serve Israel, are fooling themselves. More and more citizens are becoming aware that Israel’s espionage, its dictates to the US Congress and its manipulation of Executive powers are harming America. At the present, highly placed Zionist officials hold sway over the Obama Cabinet, but in the future they may find themselves facing charges of being agents of a foreign power, and a threat to US national security. They may find themselves sharing a cell block with Jonathan Pollard!

Mar 31 09:09

Celente: The Republicans and Democrats are thieves and murderers

As for our elected “representatives”, the Republicans and Democrats, Gerald says, “They’re murderers and thieves

Mar 31 09:02

The Rise of the Working Poor and the Non-Working Rich

Many believe that poor people deserve to be poor because they’re lazy. As Speaker John Boehner has said, the poor have a notion that “I really don’t have to work. I don’t really want to do this. I think I’d rather just sit around.”

Mar 31 08:33

Measures Warn Of Rising Recession Risks

Mar 31 08:03

Sanders: Stand Up to Wall Street, Break Up Big Banks

Speaking last night at the Commonwealth Club of California, U.S. Sen. Bernie Sanders (I-Vt.) said it is time to break up “too-big-to-fail” Wall Street banks that have grown larger and more powerful since taxpayers bailed them out after the 2008 financial collapse.

Mar 31 06:03

5 Charts Which Show That The Next Economic Crash Is Dead Ahead

When an economic crisis is coming, there are usually certain indicators that appear in advance. For example, commodity prices usually start to plunge before a recession begins.

Mar 30 19:51

0% inflation? Not if you pay council tax or use water: Families face raft of price rises

Families face a raft of price hikes from this week on everything from the cost of a bath to prescription medicines.

Advice organisations fear consumers could be lulled into a ‘false sense of security’ by the current Consumer Price Index ‘zero’ measure of inflation and fail to budget for the coming rises.

Increases are due in council tax, water bills, vehicle exise duty, NHS charges, stamps and even Sky television packages.

Translation: the official rate of inflation in the UK is BX

Mar 30 18:51

Our national debt is a "ticking time bomb."

Mar 30 15:19

All Aboard the De-Dollarization Bullet Train!

Mar 30 15:15

Goldman's "Excel Fat Finger" - Says Earlier GDP Estimate Was A Mistake, Lowers Q1 GDP Tracking To Just 0.8%

"We made an error in our original estimate of the GDP tracking implications of the February PCE report. We have now reduced our Q1 GDP tracking estimate to +0.8%. We regret the mistake."

Mar 30 14:12

Greece and Germany in Open Hostility Over Bailout Program

Greek Finance Minister Yanis Varoufakis has admitted his country’s relations with Germany over its latest bailout have declined into a state of "open hostility."

Mar 30 14:08

Feds Demand Reddit Identify Users of a Dark-Web Drug Forum

/r/DarkNetMarkets has received its first known LE subpoena: a request for 5 accounts' data, including mine, related to Evolution and the supposed doxing/leaks.

Mar 30 13:53

Russia fears no sanctions, considers them economic, political blackmail — Duma Speaker

Russia fears no sanctions and qualifies them as economic and political blackmail, Speaker of Russia’s State Duma (the lower house of the country’s parliament) Sergey Naryshkin said during his visit to Yerevan on Monday.

Mar 30 13:36

AMERICA’S BEST EMPLOYERS?

Mar 30 12:58

Probably the best explanation of QE I've seen

Mar 30 12:37

5 Reasons Monsanto Will Continue Losing Money in 2015

The biotech giant known as Monsanto is facing major financial downturn amid the backlash from consumers over their concerning GMO creations and the international rejection of various GMO exports following the confirmation of crop contamination across the United States.

Mar 30 12:01

FEDS CHARGED WITH STEALING MONEY DURING SILKROAD INVESTIGATION

The charges against the agents could end up causing complications for the government’s case against Ross Ulbricht, also known as “Dread Pirate Roberts”, the Silk Road founder. Ulbricht was found guilty last year of aiding drug trafficking with his site. He is awaiting sentencing. As a result of the case against Ulbricht and others, the federal government seized bitcoin that it said at the time was valued at over $33 million.

Mar 30 11:56

4 Ways That Corporations Owe Us

The distorted belief that wealthy individuals and corporations are job creators has led to sizeable business subsidies and tax breaks. The biggest giveaway is often overlooked: corporations use our nation’s plentiful resources, largely at no cost, to build their profits.

Mar 30 11:55

FORMER MONSANTO EMPLOYEE FIRED FROM MAJOR SCIENTIFIC JOURNAL’S EDITOR POSITION

Ex-Monsanto employee Richard Goodman has been removed from the Editorial Board of the Journal of Food and Chemical Toxicology. Goodman was appointed Associate Editor shortly before the Seralini study was retracted by the journal. Former Editor-in-Chief, A. Wallace Hayes will be replaced by someone else as well. It looks like one scientific journal has decided to get real, replacing a pro-GMO editor in a major scientific journal. An ‘unbiased’ Editor-in-Chief will be replacing the completely biotech-biased A. Wallace Hayes,who retracted the controversial paper by the Seralini team which showed the toxicity of GMOs beyond any shadow of doubt.

Mar 30 11:39

Solutions: The Peer-to-Peer Economy

Mar 30 11:20

Swiss Fund Manager Warns Unprecedented Fed Intervention Leaving “Markets More Distorted Than Ever”

Mac Slavo
SHTFplan.com

Billionaire Swiss fund manager Felix Zulauf sounded off about the instability of the market and the potential for major ups and downs as currencies go volatile and the impact of loose money takes hold. Investors today face a difficult landscape due to the possibilities for major currency devaluations and economic conditions that are manipulated to a level the world has never before seen.

Zulauf warned:

“The current cycle is very unusual, because never before have we seen authorities, central banks in particular, intervening on such a large scale and pumping so much money into global financial markets. Hence, global financial markets are more distorted than ever before and accordingly, the risks are very high.”

Mar 30 10:21

Panhandler Party

Mar 30 10:17

Think the Fed Destroyed the Dollar?

Mar 30 09:55

Greek Energy Minister Slams "Unscrupulous, Imperialist" Germany, Will Seek "Bold Alternatives" In Russia

With fresh rumors springing late on Friday that "this" just may be the weekend Greece - with close to no funds left in either the financial or government sector - imposes capital controls, a precursor to a full-fledged Grexit, the situation in Athens is on a knife's edge. Yesterday is also when the Syriza government submitted its list of 18 proposed reforms to the Troika: a reform package which the Guardian dubs "reform-for-cash", as Greece hopes the roughly €3 billion in revenue generated from the reforms will unlock €7.2 billion in financial assistance.

Rather, make that promises of reforms to generate €3 billion in revenue. Because the question, and problem for Athens, is which comes first: does Greece implement the reforms and generate the revenue or does Europe disburse the funds. It is a problem because the reforms will be extremely unpopular if and when they pass.

Mar 30 09:55

Irish Government plan to deny human freedom to protect their revenue stream

A story of serious concern has finally hit the mainstream papers today involving the Gardai, your PPS numbers and the unlawful removal of your freedom.

RTE report (see below) that the Criminal Justice Working Group set up early last year have made a number of suggestions including giving Gardai access to PPS numbers of all drivers. This however is the tip of the iceberg as the plan is to use them to identify people to prevent them from traveling or trading.

We are seeing the construction of a system that will be used to curtail human rights in an attempt to maximise the revenue government generates form old and new legislation, through penalty charges and fines.

We have already experienced this, with the government preventing people selling their own homes until they pay back charges and fines lumped onto the household charge or property taxes, and even the cost of energy audits.

Mar 30 09:54

Finally! Donetsk Rebels to Start Own Pension Fund, Pay Retirees Abandoned by Kiev

This is huge news. The rebel Donbass republics are finally going to start their own pension fund, and pay the pensions for Donbass retirees abandoned by Ukrainian government

Mar 30 09:49

Fracking Town’s Desperate Laid-off Workers: ‘They Don’t Tell You It’s All a Lie’

From the looks of it, the nation’s boomtown is still booming. Big rigs, cement mixers and oil tankers still clog streets built for lighter loads. The air still smells like diesel fuel and looks like a dust bowl— all that traffic — and natural gas flares, wasted byproducts of the oil wells, still glare out at the night sky like bonfires.

Not to mention that Walmart, still the main game in town, can’t seem to get a handle on its very long lines and half­ empty shelves.

Mar 30 09:46

Thousands protest against austerity in Brussels

Some 17,000 Belgians coming from various cities participated in the protest rally on Sunday, police sources said.

A number of the protesters shouted slogans like, "Yes, there is an alternative" to government savings. They also called for a fair tax system and a better distribution of government spending.

The demonstration came a day before a series of strikes which are scheduled to be staged across the country.

Mar 30 09:38

Beijing calling: Australia & Denmark defy US by applying to join China-led bank

Australia and Denmark, despite previous American objections to the move, say they will join a new Beijing-backed investment bank that some in Washington say could supplant the US-dominated International Monetary Fund.

Mar 30 09:15

4 Ways That Corporations Owe Us Big Time

The distorted belief that wealthy individuals and corporations are job creators has led to sizeable business subsidies and tax breaks. The biggest giveaway is often overlooked: corporations use our nation's plentiful resources, largely at no cost, to build their profits.

Mar 30 09:12

HOW CALIFORNIA'S DROUGHT WORKS: WE GROW FRUITS, NUTS AND VEGETABLES IN A DESERT WITH GOVERNMENT-SUBSIDIZED WATER

Agriculture is the heart of California’s worsening water crisis, and the stakes extend far beyond the state’s borders. Not only is California the world’s eighth largest economy, it is an agricultural superpower. It produces roughly half of all the fruits, nuts, and vegetables consumed in the United States—and more than 90 percent of the almonds, tomatoes, strawberries, broccoli and other specialty crops—while exporting vast amounts to China and other overseas customers.? Consuming 80 percent of California’s developed water but accounting for only 2 percent of the state’s GDP, agriculture thrives while everyone else is parched.

Mar 30 09:08

China to provide Total with $15 billion for development of Yamal LNG plant

French oil company Total is to receive $15 billion in Chinese credit to contribute to the financing of a $27-billion LNG plant on Russia’s Yamal Peninsula in cooperation with the Russian natural gas producer Novatek. This is the first time that Beijing has issued credit on such a large scale.

Mar 30 08:54

Fitch downgrades Greece’s rating to 'CCC'

International ratings agency Fitch has downgraded Greece’s sovereign rating from B to CCC ahead of the agency's next scheduled review, amid worries that the country is defaulting on its sovereign debt.

Webmaster's Commentary: 

I know I keep saying this, but it bears repeating. Default is inevitable in any nation or alliance where a privately-owned central bank is allowed to issue all of the public currency as a loan at interest, because by design the debt always exceeds the available money supply. Debt grows until it crashes the system. And along the way, governments are forced into more and more confiscation from citizens, and when that fails, wars of conquest to try to delay the inevitable outcome. Private Central Banks are the common enemy of all mankind.

Mar 30 07:35

Scientists in Canada Being Censored from Covering Dangers of Aluminum in Vaccines

It is very obvious to anyone paying attention these days that news regarding vaccine safety is routinely censored in the mainstream media. We know that the U.S. Government puts pressure on the U.S. media to not publish anything negative regarding vaccine safety, as Kathleen Sebelius, secretary of the Department of Health and Human Services under President Obama, openly admitted this in an interview with Reader’s Digest:

RD:What can be done about public mistrust of vaccines?

KS:There are groups out there that insist that vaccines are responsible for a variety of problems despite all scientific evidence to the contrary. We have reached out to media outlets to try to get them to not give the views of these people equal weight in their reporting to what science has shown and continues to show about the safety of vaccines. (Source.)

Mar 30 07:17

Military Gears Up for Space Warfare

Raymond, Loverro, and other officials testified before the House Armed Services subcommittee on strategic forces, outlining plans to spend $5 billion over the next five years to bolster defenses against attacks on satellites from threats that include ground-based anti-satellite missiles, laser weapons, and small maneuvering killer robot satellites.

Mar 30 07:07

Budget 2015: Federal Government set to introduce tax on bank deposits, Labor accuses Tony Abbott of backflipping on election promise

The Federal Government looks set to introduce a tax on bank deposits in the May budget.

The idea of a bank deposit tax was raised by Labor in 2013 and was criticised by Tony Abbott at the time.

Assistant Treasurer Josh Frydenberg has indicated an announcement on the new tax could be made before the budget.

The Government is heading for a fight with the banking industry, which has warned it will have to pass the cost back onto customers.

Mr Frydenberg is a member of the Government's Expenditure Review Committee but has refused to provide any details.

Mar 30 07:02

FBI invokes national security to gather evidence in alleged seed corn theft plot

...protecting America's lucrative genetically modified seed corn industry

Mar 29 23:52

World War; Economic Collapse; Dollar Demise: Alasdair Macleod, Craig Hemke, Dave Kranzler and Rory Hall

What about war? History has shown time and again when there is a major monetary change there is war. The current regime does not want to relinquish power and wealth. We are hopeful this will change with the current situation.

Mar 29 21:55

The Endgame of US Power – Collapse: a Foregone Conclusion

Since 1971, the value of the US dollar, and with it the corporeal integrity of the US economy, has been tied to what we know today as the petrodollar system. This arrangement is the result of Nixon’s abolition of the gold standard in 1971, the basis of valuing the US dollar since the end of WW2, coupled with a deal struck with Saudi Arabia and other OPEC nations for US military hardware and protection in return for oil sales exclusively in US dollars. Despite rendering the US dollar a fiat currency, in the short term at least this arrangement bolstered the dollar’s flagging value by creating demand for it outside the country — thereby rendering what would have otherwise become inflation into a useful export. The concept of a ‘petrodollar’ arose as the volume of these fiat greenbacks outside US borders rose proportionally to those within, as a way of distinguishing between the two.

Mar 29 21:42

The Fall of Tyranny, The Rise of Liberty

Summary: Massive debt is sealing the fate of governments and central banks. As the cards collapse, radical developments in diverse areas of technology, combined with free market entrepreneurship, will destroy and rebuild the existing social order.

Mar 29 19:27

BEX ALERT:Smoked dry: Massive marijuana cultivation has ‘lethal’ impact on California water supply – study

Reefer Madness is alive and well.

California's current drought has been caused by the demand for water needed to cultivate cannabis, which, under state law, is illegal for recreational use. Streams are running dry, fish are dying, and it’s just the beginning, US scientists warn.

The scientists, who studied the devastating environmental effects of marijuana cultivation in the region, concluded: “Due to climate change, water scarcity and habitat degradation in northern California is likely to worsen in the future.”

Mar 29 10:41

JADE HELM 15: Military Drill Identifying “Hostile” US States Sparks Alarm

Is this why so many people, especially in the below-mentioned states, are reporting such a heavy increased military presence in the skies over their homes?

Mar 29 09:58

Russia Joins China's Asian Infrastructure Bank

Russia Joins China's Asian Infrastructure Bank, But Doubts Its Power Against IMF

(*I think we're getting a bex washing .)

Mar 29 09:16

Finally The "Very Serious People" Get It: QE Will "Permanently Impair Living Standards For Generations To Come"

"The cost of QE is greater than the income lost to savers and investors. The long-term consequence of the new monetary orthodoxy is likely to permanently impair living standards for generations to come while creating a false illusion of reviving prosperity."

Mar 29 09:13

Greek Energy Minister Slams "Unscrupulous, Imperialist" Germany, Will Seek "Bold Alternatives" In Russia

The Greek energy minister kicked the hornet's nest point blank earlier today when he said that "Greece is at more than breaking point; urgently needs big, bold alternatives to “German, incumbent Europe"and that "creditors behaving as unscrupulous imperialists towards distant colony, threatening submission or economic suffocation." More importantly, Lafazanis has some ideas where to find said "big, bold alternatives." In Moscow. Greece's Energy Minister Panagiotis Lafazanis will meet his Russian counterpart and the CEO of energy giant Gazprom in Moscow on Monday, as he hit out at the EU and Germany for tightening a 'noose' around the Greek economy.

Mar 29 06:03

Bird flu kills 22,000 Minnesota turkeys and infects tens of thousands more

An outbreak of a bird flu strain that’s deadly to poultry deepened Saturday when state and federal officials confirmed a third Minnesota turkey farm has been infected, this time in one of the state’s top poultry-producing counties.

Mar 28 20:24

Debt in Britain: Numbers seeking help on how to cope with mounting bills goes up by more than half in three years

More than half a million people – 577,677 – have sought help in the past year alone, their individual debts averaging £14,650, the report by debt charity StepChange says. It also warns that the number of people needing help to manage their debts has risen by 56 per cent since 2012.

People seeking debt advice are as likely to be in full-time work as unemployed. But those on benefits are fighting a losing battle to stay out of debt, with people on Jobseeker’s particularly hit.

Increasing numbers of people are struggling just to pay basic bills. There is a “growing crisis” facing people trying to cover essentials, warns the report. In 2010, gas and electricity arrears were 3.8 per cent of the average unsecured consumer credit debt; by 2014 it was 7.8 per cent. Numbers of people in council tax arrears are also spiralling: the percentage of people falling behind with payments has risen from around one in five to almost a third in just two years.

Mar 28 19:04

Connection Between Rigged Trade and Rigged Government

Participating in US politics, as a citizen activist, puts you face-to-face with corruption and the ugliness of money-politics.

Mar 28 19:00

Prepare for an unstoppable economic collapse!

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA