ECONOMY | WHAT REALLY HAPPENED


ECONOMY

May 27 15:43

Is PetSmart Next? Its Bonds Are Melting Down

The PE-firm-owned retailer has $8 billion in debt and grapples with its fate.

May 27 12:16

Gasoline Hits $3 for Memorial Day, $3.69 in California, But US Gasoline Exports Surge (Business is Business)

The US is a net exporter of gasoline, regardless of how much you pay at the pump.

May 27 11:18

How to wait out the financial mania in safety

May 27 10:43

Here's What a Financial Top Tastes Like

May 27 04:53

Homeless Crisis in Los Angeles Worsens

Nearly 554,000 people were living on America's streets last year, according to a government survey. That's the first increase since 2010, driven, experts say, by a surge in the homeless in Los Angeles and other West Coast cities. Homelessness has been a serious problem for Los Angeles for years, but as the housing crisis intensifies, it seems to have gotten worse. Some say it's time to cut municipal funding for the homeless, but others want to help.
Note: Israel receives over 10 million dollars a day and they want more. Some of these homeless are veterans!

May 26 15:37

STUDENT LOAN DEBT SLAVERY

May 26 09:55

A Fresh Look at Lumber and Housing Stocks

May 26 09:45

Saudis Halt Orders From German Companies; Crown Prince "Deeply Offended"

Well this is going to hurt: Der Spiegel reports that Saudi Crown Prince Mohammed bin Salman has ordered that all government contracts cease being awarded to German companies in what's being interpreted as an aggressive punitive measure after a year of already deteriorating Saudi-German relations and as Germany has expressed its plan to stick by the Iran nuclear deal.

May 26 09:44

A Summer Of Disappointments Will Lead To An Extended Economic Crash

The summer season is often about renewed hope and revelry in comfort, and this goes for economic comfort as much as anything else. In parallel to the old tale of The Ant And The Grasshopper, we are all tempted to act like the grasshopper, forget about the trials and tribulations of the world and take a vacation from awareness.

I am seeing quite a lot of this in the past month as mounting global tensions appear to have subsided. But appearances can be deceiving...

May 26 09:27

GAME ON: THE NEW STRATEGY OF THE U.S. AND ITS ALLIES IN THE MIDDLE EAST

Bad management, corruption and a failure of the Joint Comprehensive Plan of Action to generate expected levels of foreign investment compound the problem.

May 26 03:45

Riskiest Junk Bonds Still Blissful in La-La Land, High-Grade Bonds Bleed. Apple’s Fault?

The Fed will keep tightening until these junk bonds buckle.

May 25 15:54

Tough (NZ) rules see migrants give up and go home

Some frustrated migrants are giving up and going home because they say new rules make it harder to work and stay in New Zealand.

In the year to April, more than 30,000 non-New Zealand citizens who had been here on a permanent or long-term basis left this country - up 23 per cent on the year before, according to Statistics NZ.

As a result, annual net migration is down 4800 from a high point a year ago.

Most were temporary migrants who arrived on student and work visas, experts believe.

Immigration policy changes introduced last year have made it harder for temporary migrants to gain residency.

May 25 14:31

The Ludlow massacre, 1914 - Sam Lowry

The history of the Ludlow Massacre of striking coal miners, which was one of the most brutal attacks on organised labour in North American history. It was the pinnacle of efforts by the National Guard and local strike-breakers under the command of the Rockefeller family to suppress a strike of twelve thousand workers.

May 25 12:27

LME Plans To Launch Yuan-Denominated Metals Futures Markets

In a sign the currency’s status in international finance is on the rise, and just a few short weeks after China unveiled its Yuan-denominated oil futures contract, the CEO of the London Metal Exchange has confirmed that it is planning to introduce yuan-denominated metal products.

May 25 10:41

IS IT 1999 ALL OVER AGAIN?

May 25 09:55

Mother Nature sets new snowfall record in central Newfoundland

Webmaster's Commentary: 

So much for the "Warmistas" insisting that "snow is a thing of the past!!"

May 25 09:41

TIME TO END FOREIGN AID TO ISRAEL (AND EVERYONE ELSE)

In a genuinely free society (as compared to an unfree society that only purports to be free), people keep their own money and decide what they wish to do with it. Some donate to this cause, others donate to that cause, and some don’t make any donations at all.

That was one of the basic principles of freedom on which the United States was founded. Our American ancestors decided that this would be a society in which there would be no income taxation or IRS. Thus, for more than 100 years, the American people were free to keep everything they earned.

By the same token, no one was forced to share his income with others. In other words, no mandatory charity. That’s because our American ancestors believed that no one should be forced to be good and caring. If donations were to occur, they would have to come voluntarily and willingly from the income that people were free to keep.

May 25 06:24

Bubble In Search Of A Pin

May 25 06:11

Proof That Central Bank Fiat Currency Is Dying

Banks are preparing for the worst, Deutsche bank is now going to layoff 10,000 workers and this number might go even higher. Other banks will follow. New home sales decline as interest rates increase.

May 25 05:33

Why America Is Heading Straight Toward The Worst Debt Crisis In History

Today, America is nearly 70 trillion dollars in debt, and that debt is shooting higher at an exponential rate.  Usually most of the focus in on the national debt, which is now 21 trillion dollars and rising, but when you total all forms of debt in our society together it comes to a grand total just short of 70 trillion dollars.

May 24 18:09

Rising Shipping Costs Threaten Stocks

May 24 16:01

America’s Economic Anarchy

America is severely struggling despite the dishonest and incurious mainstream media narrative of a booming economy rife with economic growth. The economy is barely chugging along. Anarchy is the new financial reality for millions and millions of American households. The crash will come hard. The fall will be swift. And the majority will be taken aback at how this all came to be despite the many points I laid out above.

May 24 15:30

Europe could spend up to £440 million on KILLER ROBOTS that can go to war without human help

The European Union could spend up to £440 million ($590 million) on killer robots that wage warfare without the need for human assistance.

Officially known as Lethal Autonomous Weapons (LAWs), the robots use artificial intelligence to target and kill enemies without human involvement.

Brussels has decided to allow bankrolling of the controversial machines through the EU defence fund despite MEPs' attempts to bar LAWs from the kitty.

The parliament had wanted to block EU subsidies of the weapons but conceded in talks on Tuesday in order to strike a compromise, two sources who were in the room told the EUObserver.

May 24 15:20

How Sustainable Is Earnings Growth?

May 24 13:49

We’re No Longer Living In Refi Paradise

May 24 13:05

Russia Finance Minister: We Are Ready To Ditch The Dollar In Favor Of The Euro

The common theme here is that Trump's sanctions against Russia - with which he is supposedly colluding - not only work, but are very effective in achieving their goal. And they do so though the biggest weapon the US has: access to the world's reserve currency, because with one phone call to SWIFT, Trump can lock out an entire nation.

So what alternatives is Russia planning, aside of course from increasingly closer trade, financial and monetary ties to China, which renminbi many speculate is only a matter of time before it replaces the USD as the world's reserve currency?

Addressing precisely this issue, Russia's Finance Minister Anton Siluanov said at the St. Petersburg International Economic Forum that settlements in US currency could be dropped by Russia in favor of the euro. That said, Russia would only engage in such an unprecedented transition under one condition: if the EU takes a stand against the latest US sanctions on Moscow.

Webmaster's Commentary: 

Putin is playing this beautifully!!

May 24 12:53

European Banks Are In Trouble, It Will Spread Like A Disease

Blockchain is going to revolutionize many industries, one in particular is going to be the precious metals market. Sears is closing more stores and Victoria Secrets/Pink are reporting a slowing in growth.

May 24 12:42

Trump signs the biggest rollback of bank rules since the financial crisis

President Donald Trump signed the biggest rollback of bank regulations since the global financial crisis into law Thursday.

The measure designed to ease rules on all but the largest banks passed both chambers of Congress with bipartisan support. Backers say the legislation will lift burdens unnecessarily put on small and medium-sized lenders by the Dodd-Frank financial reform act and boost economic growth.

Opponents, however, have argued the changes could open taxpayers to more liability if the financial system collapses or increase the chances of discrimination in mortgage lending.

May 24 12:35

IRAN LISTS 7 CONDITIONS TO REMAIN IN NUCLEAR DEAL

In his first statement since Pompeo's Wednesday speech, Iran's Supreme leader Ayatollah Ali Khamenei set 7 conditions for the European nations if they want Tehran to remain in the agreement.

Khamenei laid out the full list on Twitter on Trump's favorite social media network, remainder of continued on twitter where in a brief tweetstorm, he unveiled the following demands of Europe:

Over the course of 2 years, US violated #JCPOA, several times, while the Europeans remained silent. These 3 European countries should prove that they won’t be as dishonest & untrustworthy as they were during nuclear talks in 2004-2005. Europe needs to compensate for it:
The US has violated Resolution 2231. Europe must issue a resolution against US’s violation [of it].
Europe must guarantee it will not raise the issue of the Islamic Republic's missiles and regional affairs.

Webmaster's Commentary: 

Translation; Europe will not be allowed to acceed to Iran's demands by the US government, meaning that the Iranians will shortly go back to uranium enrichment, which will then be used as the "justification" for a war against it by the US, Israel, and Saudi Arabia.

But this will not happen until Israel uncorks in Lebanon against Hezbullah, and accomplishes "regime change" there, to achieve a more "Israeli-centric" government in Beirut.

So we have, maybe, a couple of months or more, before that happens, and then, the major world war against Iran happens. Look at the attack against Lebanon to come either right before, or right after, the High Holy days in Israel, Rosh Hashana, and Yom Kippur, which are celebrated in September of this year.

June 1st is already upon us week; So watch for 3 months of intense demonisation of Lebanon; Iran, and Russia in the next three months, leading up to an Israeli first strike on Lebanon.

But the big issue in all of this, with Russia having historically claimed that it will defend Iran should it be attacked militarily, is, when Iran is attacked, what will Russia's Putin actually be willing to do to defend it?!?

And lastly, here is a link to Ynetnews.com, with an article which is more than a little unsettling:


Israeli Security Cabinet now authorized to declare war

What makes this chilling, is the reality that now, only a handful of Israeli politicians have the power to wage war, in which the Knesset has utterly no voice whatsoever.

May 24 11:48

Someone Has Infected At Least 500,000 Routers All Over The World And No One Knows Why

Unknown hackers have reportedly infected at least 500,000 routers and other network devices all over the world with sophisticated and potentially destructive malware—and the Ukrainian government believes Russian hackers may use this botnet in an attack ahead of the Champions League soccer final this week in Kiev.

On Wednesday, Cisco’s subsidiary Talos warned of this new malware campaign, dubbing it “VPNFilter” because that’s the name of the folder where the malware creates and installs itself on the infected devices. Talos researchers wrote that VPNFilter’s most dangerous feature is that it can make the devices it lives on completely unusable thanks to a “kill” command.

“If it suited their goals, this command could be executed on a broad scale, potentially rendering hundreds of thousands of devices unusable, disabling internet access for hundreds of thousands of victims worldwide or in a focused region where it suited the actor's purposes,” the Talos report read.

Webmaster's Commentary: 

How convenient; just when Russian/US governmental relations could hardly get any worse, it appears that Russia is going to get accused of a "cyber 9/11" against Ukraine and potentially beyond.

Now is the time to make sure your router is secure, and if you have not changed your default password, do it now.

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