ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Jan 24 13:50

Russia, China, Iran Creating New Global Paradigm

"What happened this weekend with the signing of the 17 trade agreements (between Iran and China. — RT) to the amount of $600 billion, is very important. It is more important than some believe. As I said, they now need help because the economy has grown too quickly"..Gould noted that the markets in the UK and USA did not bring enough revenue to China, because these countries have been faced with many challenges. "There is a possibility of another bankruptcy of a number of Western banks or a new collapse, as in 2008. So I think that the strategic alliance between Iran, China and Russia through trade, not military might, now is a very important fact", said the independent journalist. In her opinion, this association will develop and will create a favourable situation in trade for all three countries, including for Iran, which has for many decades suffered from Western sanctions.

Jan 24 13:47

Vladimir Putin’s Russia: Perfect Foil To The Anglo-American Axis And Their New World ‘Order’

One of the best kept secrets which predicated the inevitable collapse of Soviet communism and the subsequent breakup of the USSR is that it actually occurred in a manner not too unlike a carefully controlled demolition. Only in this case they were bankers and politicians, investment brokers and power-brokers who actually pressed the buttons. All of the plans toward that end were fastidiously laid by these stakeholders, each of whom had the greatest interest in exploiting the vast wealth of the Russian Motherland.

Jan 24 13:32

Bank of America CEO Warns of Job Cuts

Jan 24 11:56

America Will Spend More on Taxes than Food, Clothing, and Housing Combined

This should not be in the “land of the free.” It is a sad graphic. And remember, much of your tax money is siphoned off by the cronies in industries which are connected and by those in government itself. You are basically an annuity.

Jan 24 11:41

Anti-TPP protests in Argentina, Chile and Peru

Hundreds of activists in Argentina, Chile and Peru took to the streets to protest against the Trans-Pacific Partnership (TPP). Protesters chanted slogans and held signs denouncing the trade agreement which is set to be signed in February.

Jan 24 10:40

The Institutionalized Looting Of America

"Give a small number of people the power to enrich themselves beyond everyone's wildest dreams, a philosophical rationale to explain all the damage they're causing, and they will not stop until they've run the world economy off a cliff."
Philipp Meyer

"Wall Street is not being made a scapegoat for this crisis: they really did this."
Michael Lewis

Jan 24 10:07

The Coming Perfect Storm In Silver

Jan 24 09:15

Detroit collapsing into third world status as water supply becomes too toxic to drink... America's infrastructure imploding

After almost two years of drinking toxic water, the people of Flint were finally acknowledged in October 2015. In the meantime, the high levels of lead found in drinking water translated into brain damage, learning disabilities and pregnancy issues for the residents. Children have been permanently hindered in their natural development. But it took until January 2016 for the government to mobilize the National Guard and begin distributing bottled water and filters in Flint.

What lesson do we have to learn from this? Wouldn't the residents of Flint be much healthier today had they listened to their own instincts and stopped drinking tap water when it started smelling funny? Most importantly, has the government done anything to help prevent this from happening elsewhere in America?

Webmaster's Commentary: 

Jan 24 05:48

Lower fuel prices boost airline profits, but fares to hold steady

The nation's airlines are reporting soaring 2015 profits largely because of sinking fuel prices. The record income, however, isn't translating into big cuts in airfares.

In hopes of appeasing travelers, some carriers are buying newer planes and remodeling terminals. One airline has even brought back free snacks for economy-section fliers.

Jan 24 01:17

Putin’s biggest failure - by The Saker

What is certain is that so far Putin has failed to deal with the 5th column near and inside the Kremlin and that the situation is rapidly worsening. The recent move by Kudrin to try to get back into the government was a rather transparent use of the pro-5th column media in Russia (and abroad) and it predictably failed. But this shows an increasing self-confidence, or even arrogance, of the Atlantic Integrationists. Something in bound to happen, probably in the near future.

Jan 23 18:38

Is the Spectre of Trump Haunting Davos?

Can that crowd at Davos not understand that it is despised because it is seen as having subordinated the interests of the nations and people in whose name it presumes to speak, to advance an agenda that serves, first and foremost, its own naked self-interest? -- The political and economic elites of Davos have grown rich, fat and powerful by setting aside patriotism and sacrificing their countries on the altars of globalization and a New World Order.

Jan 23 17:24

Norway's Biggest Bank Demands Cash Ban

"There are so many dangers and disadvantages associated with cash, we have concluded that it should be phased out..."

Jan 23 17:04

Leaked Emails: Gov Officials Mocked Flint Residents Who Complained About Water

Most damning of all, was an email from an EPA official who claimed “the state was testing the water in a way that could profoundly understate the lead levels.” In other words, state officials were well aware of the dangers, completely dismissive of residents who complained about those dangers, and they tried to cover it all up.

Jan 23 15:52

12 trigger events that could unleash economic collapse in the U.S

As practically the entire world seems to be nearing the end of its run financially, many people are beginning to wonder how much longer America has before our own teetering house of cards finally falls. Nobody can say for sure how it will all play out, of course, but there are a number of potential scenarios that could act as trigger events to bring about a cataclysmic economic collapse here in the United States, in the very near future.

Jan 23 15:36

US criminal oligarchy: top 20 Americans own more than bottom 50%, 0.1% own more than 90%; ~$30 TRILLION stored in ‘tax havens’

*hyperlinks/videos live at source*

hat tip: John Hankey (creator of Dark Legacy, the best JFK assassination documentary I’ve seen)

US “leaders” in government, banking/finance, and media are obvious criminals that should be legally stopped by arrests for the following Emperor’s New Clothes obvious crimes:

Unlawful and lie-began wars.
Crimes Against Humanity for ongoing intentional policy of poverty that’s killed over 400 million human beings just since 1995 (~75% children; more deaths than from all wars in Earth’s recorded history).
So-called “money” that is actually debt that creates accelerating and unpayable total debt. The .01% hide ~$30 trillion in tax havens while demanding public austerity.
Destruction of nearly all rights lawfully guaranteed in the US Bill of Rights within the US Constitution, and in Orwellian inversion of limited government.
“Covering the crimes” with lies by corporate media.

Jan 23 15:05

Israel needs more US military aid after Iran deal: Netanyahu

‘Israeli Prime Minister Binyamin Netanyahu says Tel Aviv needs more US military aid following the nuclear agreement between Iran and the P5+1 group of countries.

He told the World Economic Forum in Davos, Switzerland, on Thursday that Washington and Tel Aviv are finalizing details of a 10-year military aid package that will be larger than the $3.1 billion US package Israel received this year.

Jan 23 12:48

The Clinton Foundation: Hillary Beholden To Banks, Corporations, And Foreign Governments

Much has been made of the questionable actions and connections held by Clinton’s foundation enterprise over the last year.[1] Many allegations have been made but what is entirely undebatable is the fact that the Bill, Hillary, and Chelsea Clinton Foundation works closely with Wall Street banks and is also heavily funded by them.

Jan 23 08:53

The Cronies, Opportunists and Thrill Seekers at Davos

The big global crony networking event of the year. The World Economic Forum in Davos, Switzerland is in full swing and Vice President Joe Biden is in attendance as are six members of Obama's Cabinet.

Jan 23 08:33

BREAKING THE COMEX: First The Collapse Of Registered Gold Stocks, Now Silver??

As we can see in the chart, the trend has been lower, with a cliff-like decline at the beginning of 2013. This was during the time when the gold price fell from $1,650 to $1,150 in just six months. Savvy traders who were trying to exit their gold positions by getting the best possible price, did so by knocking the price down by over $100 on many days. Nothing like exiting a trade strategically… CNBC style.

Regardless, the Registered Gold inventories fell from 5.3 Moz in 2006 to a lousy 275,000 oz today. We must remember, Registered Inventories are gold stocks that are ready to be delivered into the market. Some analysts may say this really isn’t that big of a deal because there is still 6.4 Moz worth of gold at the COMEX.

While this is true, I would imagine most of that 6+ Moz of Eligible Gold stocks are held in tight hands. And who knows of much of that 6.1 Moz of Eligible Gold stocks are actually there at the COMEX or how many claims on put on each ounce?

Jan 23 08:31

FLASHBACK - 1927-1933 Chart of Pompous Prognosticators

"We will not have any more crashes in our time."
- John Maynard Keynes in 1927

Webmaster's Commentary: 

When Obama said "anyone who says our economy is not strong is peddling fiction" in the SOTU address, I think most of us who know what's really going on recognized it as a propaganda blunder that would be remembered for decades. In that same category of colossally stupid pronouncements about the economy, you may enjoy this collection of "overly optimistic" statements by politicians, businessmen, and economists from the Great Depression era!

Jan 23 08:31

If this isn’t the start of the crisis, just imagine how bad the real crisis is going to be.

William White is a central banker who used to be on the BIS management committee. And this makes him a key member of the global financial establishment.

It’s not too often that central bankers are particularly transparent with the public.

Ben Bernanke famously told the world in July 2005 that there wouldn’t be a nationwide decline in home prices in the United States.

Then just a few months later when home prices did fall, he told Congress that the adverse effects of the housing market were ‘contained’ and wouldn’t affect the broader economy.

He was dead wrong on both accounts. And one of the biggest financial crises in history broke out shortly thereafter.

Central bankers seem to always miss the crisis just around the corner.

Jan 23 08:28

Why do JP Morgan and Goldman Sachs want desperately to keep the UK in the European Union?

JP Morgan and Goldman Sachs want Britain to stay within the European Union and they are spending money to make sure the UK stays. Surprise. It is odd (perhaps not so odd) that so much of the banking and political establishment in British Europe (forgive me Britons, I was taught that one should never call a Brit a “European” but I’m making a point) is so vehemently pro-European Union. The lockstep (goosestep?) push by some to further integrate with Brussels, to give up even more sovereignty, to further reduce Britain’s stature in the world is striking.

Jan 22 19:09

Brien Lundin – Get Ready for Rate Cuts

Jan 22 18:37

Goldman Sachs sends US into recession, promptly retracts report’s slide

Goldman Sachs has long been criticized, but rarely punished, for its role in the global financial crash. Despite being “too big to fail”, America’s “most important bank” Goldman Sachs may have done so this week, at least for a few minutes, when it possibly tipped off a new economic recession.

Jan 22 17:40

Housing Stocks Falling On Schedule

Jan 22 17:26

Job cuts mount as global economy falters

Major corporations around the world announced sharp cuts in their labor forces this past week. The job reductions come amidst growing signs of a general economic crisis, as commodity prices and share values plummet.

Jan 22 17:03

Stimulus..... Again

Jan 22 16:33

Land of the Greed; Home of the Slave — Paul Craig Roberts

Not content to bully weak countries, Washington threatens powerful countries such as Russia, China, and Iran with economic sanctions and military actions. Consequently, much of the non-Western world is abandoning the U.S. dollar as world currency, and a number of countries are organizing a payments system, World Bank, and IMF of their own. Some NATO members are rethinking their membership in an organization that Washington is herding into conflict with Russia.

Jan 22 16:05

Davos Q&A: ‘ If Trump is the Republican Nominee’ Obama Won’t Get His Asia Trade Deal

FP: Will the Trans-Pacific Partnership be done before Obama leaves office?

Behravesh: TPP will be priority for the Obama administration. There is support for it on both sides of the aisle. However, if Trump is the Republican nominee, then the chances of passage will be lower.

Webmaster's Commentary: 

One more reason to support Trump!

Jan 22 15:56

Ron Paul Says to Watch the Petrodollar

By Nick Giambruno

“The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars or euros. The sooner the better.” – Ron Paul

Ron Paul is calling for the end of the petrodollar system. This system is one of the main reasons the U.S. dollar is the world’s premier reserve currency.

Essentially, Paul is saying that understanding the petrodollar system and the forces affecting it is the best way to predict when the U.S. dollar will collapse...

Jan 22 15:33

Kerry believes sanctions against Russia could be lifted in 2016

The U.S. may be able to consider lifting sanctions imposed on Russia over its involvement in Ukraine later in 2016 if the Kremlin complies with the Minsk peace agreements, U.S. Secretary of State John Kerry said on January 22 at the World Economic Forum in Davos, Switzerland. While the original peace accord, which was signed in February 2015 in Minsk, was due to be completed by the end of 2015, a new timetable has not been set.
Kudrin: Sanctions against Russia could start to ease late 2016-early 2017 http://rbth.com/business/2016/01/22/kudrin-sanctions-against-russia-co...

Jan 22 15:31

Russia cuts investments in U.S. bonds by $20 billion since 2014

Russian investments into American treasury bonds have decreased by $20 billion over the last year. This information comes from data recently published by the U.S. Department of the Treasury. In November 2015 Russia held $88 billion in American bonds, while in November 2014 the amount was $108.1 billion. In April 2015 investments into American government bonds totaled $66.5 billion, however, after that the country started gradually increasing investments in them again. Russia takes 15th place worldwide in terms of the amount of American bonds it holds. The first place belongs to China: in November 2015 that country owned more than $1.2 trillion in bonds.

Jan 22 15:29

Land of the Greed; Home of the Slave — Paul Craig Roberts

None of these serious problems will be addressed by the presidential candidates, and no party’s platform will consist of a rescue plan for America. Unbridled greed, short term in nature, will continue to drive America into the ground.

Jan 22 15:16

America's chemical-soaked, hormone-filled meats impede trade deal with Europe

Earlier this year, many people in the United States were angered over the fact that the USDA was on board with having US chickens sent to China for processing, then shipped back to the States for human consumption. Questionable food practices in China, as well as the illogical nature of such an elaborate import/export process, rendered Americans' stomachs -- and finances -- uneasy.(1)

How interesting it is then, that the United States, which fears China's iffy food security, is now entertaining signing a bill which is providing Europe with those same fears. The Transatlantic Trade and Investment Partnership (TTIP), if signed and passed, is poised to create a global megamarket of 800 million consumers spanning from Hawaii to Greece and Alaska to Finland.(2)

Jan 22 14:37

Their Bag of Tricks Is Empty

Once the power to manage expectations has been lost, the central bank bag of tricks is empty. No one knows precisely how and when the global unraveling will impact their corner of the planet, but we do know one thing with absolute certainty: central banks are out of tricks.

Jan 22 14:32

Prepare For A Long Economic Depression

Jan 22 13:20

Now the bankers’ triumph is complete

The UK release this week of the Oscar-nominated The Big Short, based on Michael Lewis’s book of the same name, is a fitting bookend to a time when we still believed that the broken financial system might be fixed. But the banks have won. Not a single “top banker” has been jailed and few, if any, have had to return undeserved bonuses. Measures taken since 2008 are being watered down before our eyes and, most dangerous of all, the deeper causes of the crash remain essentially intact. The Occupy movement should call a reunion so we can have a ceremony to bury all remaining hope.

Jan 22 11:55

Poor Italians Homeless While Refugees Live in New Buildings

Jan 22 09:48

Cashless Society War Intensifies During Global Epocalypse

By David Haggith

In the fall of 2015, the world descended into an economic apocalypse that will transform the globe into a single cashless society. This bold prediction is based on trends in nations all over the earth as shown in this article.

As we enter 2016, we are only beginning to see this Epocalypse form through the fog of war. The war I’m talking about is the world war waged furiously by central banks against the Great Recession as the governments they supposedly serve fiddled while their "capital" burned...

Jan 22 09:31

Billionaire CEO of Blackstone Trolls the American Public – He Doesn’t Get Why People Are Angry

DAVOS MAN: “A soulless man, technocratic, nationless and cultureless, severed from reality. The modern economics that undergirded Davos capitalism is equally soulless, a managerial capitalism that reduces economics to mathematics and separates it from human action and human creativity.”

– From the post: “For the Sake of Capitalism, Pepper Spray Davos”

Webmaster's Commentary: 

Jan 22 09:23

Strange and Crazy in the Financial World!

t’s been crazy so long it feels like normal …

Jan 22 09:11

Davos elite alarmed at the prospect of 'embarrassing' Trump being the GOP presidential nominee 

The surprise emergence of a billionaire real estate developer who has proposed banning Muslims from entering the United States as the front runner to become Republican nominee for president is one of the hot topics of conversation among the rich and powerful at the World Economic Forum in Davos, Switzerland.

While calling Donald Trump 'unbelievable', 'embarrassing' and even 'dangerous', business executives and finance leaders said he had nevertheless 'hit a vein' with his direct talk.

Jan 22 08:47

Soros Reveals He Is Short The S&P 500: Warns China Will Have A Hard-Landing, Says "Fed Hike Was A Mistake"

As for the Fed, Soros is on the policy mistake bandwagon, saying Yellen may have mistimed liftoff. That echoes sentiments voiced by Marc Faber among other prominent investors and speaks to what we’ve been saying since September, namely that December's hike might go down as the worst-timed rate hike in history. "The investor said he would be surprised if the Federal Reserve raised interest rates again after hiking them in December for the first time in almost a decade," Bloomberg writes. He, like Ray Dalio, says the FOMC is more likely to cut than hike going forward.

Jan 22 08:44

IMF recommends paying refugees below the minimum wage

The International Monetary Fund has highlighted the positive effect of public spending on refugees on European GDP, but has also recommended that employers pay them less than the minimum wage. EurActiv France reports.

Webmaster's Commentary: 

It is amazing how blind the money-junkies are. If you are not paying workers a decent wage or salary, they will not be going to the shopping malls to buy what corporations are selling, even with the new trend of forcing people to buy things they do not want or need. Money cannot just pile up at the top. It must recirculate to keep the economy working.

Jan 22 08:35

The 1% Economy: The World’s Richest 62 People Now Have as Much as Poorest 3.6 Billion

A new report from Oxfam on global inequality finds the world’s richest 62 billionaires now own as much wealth as half the world.

Jan 22 08:17

12 trigger events that could unleash economic collapse in the U.S

As practically the entire world seems to be nearing the end of its run financially, many people are beginning to wonder how much longer America has before our own teetering house of cards finally falls. Nobody can say for sure how it will all play out, of course, but there are a number of potential scenarios that could act as trigger events to bring about a cataclysmic economic collapse here in the United States, in the very near future.

According to Jim Willie from GoldenJackass.com, the following imminent events could predicate a complete financial breakdown, unlike anything ever before seen in America:

Webmaster's Commentary: 

Jan 22 08:14

"Dip Buying Is Officially Dead"

"dip buying is officially dead and stocks (esp. US ones) are no longer impressed by promises of central bank largess. The reason the SPX has only witnessed insipid rally attempts during this weeks-long swoon is the absence of robust dip-buying."

- JPMorgan

Jan 22 08:13

The Fragile Forty & How The World Lost $17 Trillion In 6 Months

It's official. More than 50% of the "wealth" effect created from the 2011 lows to the 2015 highs has been destroyed (despite the world's central banks going into money-printing overdrive over that period). Almost $17 trillion of equity market capitalization has evaporated in just over 6 months with over 40 global stock indices in bear markets...

Jan 22 08:05

For the First Time Ever, Older Albums Are Out-Selling Newer Albums

If albums are still worth billions of dollars, then a majority of those billions are now going to older releases. According to US-based data just released by Nielsen Music, older, ‘catalog’ albums outsold newly-released albums in 2015, the first time that has ever happened.

Nielsen categorizes an album as ‘catalog’ when its release date is more than 18 months ago. In almost all cases, an album has exhausted its new-release sales energy after that point, and becomes an older selection.

Jan 22 07:27

Saudi Arabia's Secret Holdings of U.S. Debt Are Suddenly a Big Deal

It’s a secret of the vast U.S. Treasury market, a holdover from an age of oil shortages and mighty petrodollars: Just how much of America’s debt does Saudi Arabia own?

But now that question -- unanswered since the 1970s, under an unusual blackout by the U.S. Treasury Department -- has come to the fore as Saudi Arabia is pressured by plunging oil prices and costly wars in the Middle East.

Jan 22 07:20

Make Mine Freedom (1948)

Webmaster's Commentary: 

You can't say you weren't warned!

Jan 22 07:16

Fed Requires URGENT Help From the Treasury- Silver Will Soar Through $400/oz!

"The USFed is so strapped, so deeply under siege, so overwhelmed, that it requires urgent help from the USDept Treasury. So they have expanded QE to become Double Barreled Hidden QE to Infinity. The Gold price will find its true value and price over $10,000 per ounce.The Silver price will find its true value and price over $400 per ounce. In reaching these levels, the ratio will return to the 25-1 range. Several steps have been laid out toward the return of proper price to precious metals.

Jan 22 07:14

Oil to Recover by July, Saudis Digging Their Own Graves to Please Global Elite

The Masters of the Universe are ready to bring the whole world down in a major recession to strangle Russia

Jan 22 06:19

Ruble Rebounds From Record Low as Oil Surge Lifts Russia Assets

The ruble jumped the most since August, rebounding from its lowest level on record, as a recovery in crude prices encouraged investors to buy assets in the world’s biggest energy exporter.

Jan 22 06:02

Silver to Be Unleashed: Andy Hoffman

Jan 22 05:59

Dimon's Pay Jumps 35% to $27 Million

>Package includes $20.5 million linked to bank's future returns
>New performance units come after shareholders rejected pay

JPMorgan Chase & Co. boosted Jamie Dimon’s pay 35 percent, tying most of the package to future performance after a record share of investors rejected the bank’s compensation practices last year.

(*>Package includes $20.5 million linked to bank's future returns
Translation, the money the bank will be making in the future from penalties , fees , loan interest , and 'dip ins' that we'll be paying , for the next bout of 'quantitative easing' .
This Is Where That Money Will Be Going ! DIMON 'S PAY !!!)

Jan 22 05:17

Strange and Crazy in the Financial World!

Jan 22 02:32

Peak Gold and Silver May Have Come and Gone

Jan 21 19:34

Ron Paul Says When Free Trade Fails, War Follows

Free trade — not corporatist, managed trade — is the best guarantor of peace and prosperity. Protectionism leads to trade wars which very often lead to hot wars. In the US presidential race the issue of tariffs and other taxes on trade have begun to enter the conversation. We should remember how dangerous this kind of isolationism is, especially to working and middle class Americans. In today’s Liberty Report, Ron Paul explains the importance of real free trade:

Jan 21 19:28

China Wants to Issue Its Own Digital Currency

China’s central bank plans to issue its own digital currency “as soon as possible,” according to Xinhua. The People’s Bank of China made the announcement at a conference on digital currency in Beijing.

Jan 21 18:54

On the brink: Decision-makers flock to Davos to save global economy

The world's wealthy movers and shakers have gathered in the ski-resort of Davos, as plunging oil prices and turbulent markets, fuel fears of a new economic meltdown.

Jan 21 18:33

New Lows Hit ‘Wash-Out’ Territory

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