ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Apr 18 15:15

Global Synchronized Slowdown Continues...

Apr 18 13:22

Sears sues Lampert, claiming he looted assets and drove it into bankruptcy

Sears Holdings Corp sued longtime former chairman Eddie Lampert, his hedge fund ESL Investments and others like Treasury Secretary Steven Mnuchin, claiming they illegally siphoned billions of dollars of assets from the retailer before it went bankrupt.

Apr 18 13:11

NORTH KOREA SAYS IT TESTED A NEW WEAPON BUT WON’T SAY WHAT IT WAS

North Korea is flexing its muscles. On Thursday, the nation announced that it had test-launched a new “tactical guided weapon” — but kept the details vague.

The weapon is unlikely to be a long-range ballistic missile that could jeopardize peace talks, according to the Associated Press. Rather, given the fact that the announcement came with new demands for ongoing negotiations with the U.S., the tests were likely intended as a display of military strength.

Guessing Game
South Korean experts suspect that the new weapon was some sort of cruise missile, per the AP‘s attempt to learn more. Had the weapon been a longer-range missile that could pose a threat to the U.S. or other nations, then North Korea may have put at risk its ongoing effort to lift sanctions that other countries have imposed on it.

Webmaster's Commentary: 

What will be key and critical here, is how President Trump understands what has been done, and where this may be going, in terms of denuclearization dialogue with Kim Jun Ung.

But there is one thing on which he and I most likely agree, and appreciate, and that is how "Wreck-it Mike Pompeo" is behaving right now.'

This is the result you get when you appoint a Dominonist as your Secretary of State.

These folks have a core belief that the more wars countries create, the sooner Jesus will make his Second Coming.

Rapture Christians Plan to Trigger an Apocalypse

The article goes on to state:

"A new ideology in the White House".

In the Trump White House, a weekly bible study group calls its brand of faith “historical evangelicalism.” Biblical scholars say the group shares the “end of times” message of “Rapture” theologians in its statement of faith and founder Ralph Drollinger’s own published lessons.

The bible study group is run by Capitol Ministries, an organization with the stated mission “to teach God’s Word and share the Gospel of Jesus Christ with state legislators, judges, and constitutional officers.” Capitol Ministries supporters include ten members of Trump’s cabinet, including in addition to Pompeo, labor secretary Alex Acosta and housing secretary Ben Carson according to the Capitol Ministries website. Drollinger, a UCLA basketball player-turned politician-turned-preacher, has also been holding weekly bible study groups with dozens of Congress members since 2010."

Folks, I do not know how you feel about having a Secretary of State, whose religious eshatology commends him to "grease the skids" for the worst global catastrophe ever, because it will be the event which will foreshadow the 2nd coming of Christ, but color me very nervous about this.

In looking at Pompeo's foreign policy, one can see how, in his mind, creating wars against Biblical enemies, and others, like Iran, Venezuela, North Korea, and Yemen, makes perfect sense to him; after all, it's hastening the second coming of Jesus, right?!?

And I have to wonder; what will happen to these Dominionists, if the wars destroy all life on earth, but there is no second coming of Jesus?!?

Apr 18 12:38

SEARS SUES LAMPERT, CLAIMING HE LOOTED COMPANY AND DROVE IT INTO BANKRUPTCY

Sears Holdings Corp sued longtime Chairman Eddie Lampert, his hedge fund ESL Investments, and former directors including Treasury Secretary Steven Mnuchin, accusing them of allowing the retailer to be looted of billions of dollars before its October 2018 bankruptcy.

The lawsuit, made public on Thursday, was filed by the restructuring team winding down what remains of the pre-bankruptcy Sears following Lampert’s $5.2 billion purchase in February of most of its assets.

Sears accused Lampert of ordering the creation of bogus financial plans showing the retailer would turn itself around even as it racked up huge losses, enabling the transfer of five major assets including Land’s End and Sears Hometown Outlet for his benefit.

Webmaster's Commentary: 

This is not going to go away"; so I would suggest that he "lawyer up", and fast, because what may be brought up during the Discovery portion of the trial, may be significantly damning to both Lampert personally, and to his professional reputation.

Apr 18 10:01

Will the West allow the construction of railroads linking the Gulf and the Mediterranean?

While the United States and their allies have deliberately created famine conditions in North Korea, then in Sudan, in Tunisia, and now in Yemen, they are also beginning to drag Syria down into starvation. The only way of avoiding this situation is by relaunching the regional economy, which collapsed during the wars in Iraq and Syria. Two projects for railroads are currently in competition – the first intended to develop the region, the second to divide it. Are the Westerners behaving like human beings, or are they pursuing their dream of world domination?

Apr 18 00:49

Earnings downgrades topple NZ sharemarket from record high

Earnings downgrades from three big NZX-listed companies have stopped the share market from bursting through the 10,000-point barrier on the S&P/NZX50 index.

The declines were led by Tourism Holdings (THL), whose shares were heavily sold off after the company issued a surprise earnings downgrade.

That downgrade, together with weather-related downgrades for Mercury Energy and Genesis, made for a soggy start for the share market, which yesterday closed at a record high of 9982.2.

By 10.45 am, the index was at 9,946 points, down 0.4 per cent.

Apr 17 17:32

Many People are Too Broke for Bankruptcy

Apr 17 16:18

It looks like the stock market is in a bubble

Apr 17 15:37

The Market’s Lying Highs Exposed

Apr 17 13:52

U.S. Soybean Exports Plunge, No Recovery In Sight, Farmers Are Concerned About Tariff Man

Despite earlier good news on the US-China trade deficit, U.S. soybean exports have plunged to their lowest levels since the early days of the U.S.-China trade war in what is an alarming sign for farmers pleading with the Trump administration to resolve all trade disputes.

Current data from the U.S. Department of Agriculture (USDA) revealed that the total U.S. soybean exports reached 460,700 metric tons last week, down from 888,700 tons in the previous week and just above 446,500 tons in the same week a year ago. Of the soybean shipments last week, only 130,200 tons were loaded on vessels for China.

Apr 17 11:45

The world’s best airport just got even better | CNBC Reports

Apr 17 11:41

World Trade Suffers Biggest Collapse Since Financial Crisis

The recent collapse in world trade volume is the worst since the financial crisis and as dangerous as during the dot-com bubble of the early 2000s, according to The Telegraph.

Data from the CPB Netherlands Bureau for Economic Policy Analysis revealed that world trade volume dropped 1.8% in the three months to January compared to the preceding three months as a synchronized global downturn gained momentum.

Apr 17 11:34

Nestlé And Carrefour Trial Blockchain For Greater Food Transparency

By Diana Ngo

Swiss food and drink multinational Nestlé and French hypermarket chain Carrefour are trialing blockchain to provide consumers with greater transparency in the food sector.

From April 15, 2019, the technology will be applied to the famous Mousline instant mashed potato brand, available on shelves in Carrefour stores around France, to enable consumers to access reliable and unfalsifiable information on the supply chain and production of the products...

Apr 17 11:33

We’ll Pay the Retirement Bill for Many

Apr 17 10:41

How Big Government Politicians Cause the Inequality They Claim to Fight

By Daniel Kowalski

With the 2020 presidential election on the horizon, there are currently over 15 serious Democratic contenders competing for the party’s nomination. Some candidates, like Andrew Yang, have detailed policy proposals they are consistent about. Others seem to keep maneuvering left with their positions in order to outflank their competitors, while a few seem content to be like weather vanes, ready to move in whatever direction the winds of populism are blowing.

It’s a diverse group, but the one thing they have in common is that they are running on the platform that capitalism is broken—and only politicians can fix it. We’re told that income inequality is a great threat to American society...

Apr 16 18:49

Should Gold Investors Root for Deflation?

Apr 16 15:25

Almost every adult in Britain could receive a £300 windfall from Mastercard after 'landmark' court ruling paves the way for a £14billion damages claim

Nearly every adult in the UK could be in line for a payout from Mastercard after a £14billion damages claim against the payment provider was revived by the Court of Appeal today.

The legal action is being brought against the card giant by Former financial ombudsman Walter Merricks.

He said the maximum payout from the proposed 'opt-out' claim will be around £300 for anyone over the age of 16 and who was a resident in the UK for three months or more between 1992 and 2008.

Around 46.2million people could qualify for the payout - including those who have never had a Mastercard, according to Merricks.

Apr 16 11:58

5 Factors that Could Propel Gold Past $1,350

Apr 16 11:36

VIDEO: HOW THE PENTAGON AND CIA PUSH VENEZUELA REGIME-CHANGE PROPAGANDA IN VIDEO GAMES

THE US MILITARY AND CIA LAUNDER COUP PROPAGANDA THROUGH POPULAR FIRST-PERSON SHOOTER VIDEO GAMES LIKE CALL OF DUTY, SIMULATING ASSASSINATIONS OF VENEZUELA’S SOCIALIST LEADER AND SABOTAGE OF ITS ELECTRICAL INFRASTRUCTURE.
BY MAX BLUMENTHAL AND BEN NORTON

We often think of video games as fiction, but the US government has weaponized them to advance its agenda around the globe.

SIMULATING VENEZUELA INVASION IN “CALL OF DUTY”
Venezuelan citizen journalists Orlenys Ortiz and Sancocho Power have drawn attention to the similarity between the plot of a 2013 first person shooter game, Call of Duty: Ghosts, and alleged acts of US sabotage against the country this March.

Call of Duty: Ghosts is set in a dystopian future after the Middle East is nuked. A Venezuelan general comes into power, establishing a socialist style federation that spreads across Latin America like a disease, uniting all oil producing nations and expelling US citizens.

Webmaster's Commentary: 

Somewhere, in this big, wide world of computer games, there need to be a few, which bring the concepts of cooperation, personal responsibility, free thought, and the taking care of others need to rule the day; otherwise, I am deeply concerned that our world will become just as dystopian as is this game.

Apr 16 11:28

Jason Burack: The Most Bulletproof Gold Stock

Apr 16 11:22

Lior Gantz – Get Ready for QE4

Apr 16 11:19

HIGH FRUCTOSE CORN SYRUP MAY FUEL COLON CANCER

It’s no secret that health experts and nutritionists have been wary of high fructose corn syrup for years. But now they have one more reason to advocate against it: a new study published in the journal Science says that the sugary substance boosts the growth of cancerous tumors in mice.

The study, conducted by researchers at Cornell University and Baylor University, found that consuming a modest amount of high-fructose corn syrup every day—about the equivalent of drinking one can of soda—can accelerate the growth of cancerous tumors in mice’s intestines.

Apr 16 10:52

Where Is Inflation Hiding? In Asset Prices

Apr 16 10:36

'We are taking loans just to pay bills': Broken Minnesota farmer posts heartbreaking Facebook video

It's not the weather that is causing farmers to commit suicide, it's corporate run dairies and farms that hire illegals to do the work while they rake in the money ... They also get deals on regulations, taxes and fees... How is that fair to the average farmer, rancher or dairyman ??

************

'We are taking loans just to pay bills': Broken Minnesota farmer posts heartbreaking Facebook video to reveal how the average salary in his industry has dropped to just $15,000-a-year

Mark Berg, 26, posted an emotional six-minute-long video, viewed more than 300,000 times, voicing his frustration over the strain of running a dairy farm

The young farmer, brushing back tears, talks about his father telling him that he has less than when he started the business 40 years ago

Apr 16 09:39

‘We’ve Really Passed Tipping Point Of Danger’ Says Rev. Andy Bales On The Homeless Crisis

In Los Angeles County alone, there are 41,000 transients living on the streets.

And for Rev. Andy Bales of the Union Rescue Mission, he says the homeless crisis has reached a breaking point.

“At this point, I’m very concerned about everyone in L.A. because we’ve really passed the tipping point of danger because we’ve left so many people for so many years to be devastated on the streets,” he said.

The Los Angeles Police Department recently released new body cam video that shows an interaction between police and a transient armed with a knife in downtown Los Angeles.

In the clip, officers are seen reasoning with the transient in an effort to get him to drop his knife. Moments before, a woman inside the café described how the man had threatened to slice her throat.

Police eventually had to fire half a dozen rounds of non-lethal force as the man used a chair to block the bullets.

Apr 16 09:34

SEATTLE’S SUICIDE: DRUGS AND HOMELESSNESS TAKE THEIR TOLL ON THE CITY

Widespread drug use and homelessness in plaguing all socialist regions of the country. From San Francisco, where pedestrians have to literally watch the homeless shoot up, to Los Angeles where Medieval diseases have returned thanks to policies which have made it impossible for the everyday American to scrape by anymore.

Seattle is also committing suicide. “It is about the damage they inflict on themselves, to be sure, but also on the fabric of this place where we live. This story is about a beautiful jewel that has been violated. And a crisis of faith among a generation of Seattlites falling out of love with their home,” said KOMO’s Eric Johnson in the intro to the video he helped create about the crisis. Years of authoritarian socialist policies are taking their toll on America’s cities. It’s time to say “enough is enough.”

Apr 16 09:21

Russia replaces Venezuelan crude on European markets

European refiners are switching to Russian sour grades as US sanctions have shrunk Venezuela’s similar-grade exports, Reuters reports, adding that the Russian sour crude is getting increasingly expensive.

Citing sources from the trading industry, Reuters says the situation has been made worse by the fact that OPEC members have cut mainly their output of heavier, more sour grades under the OPEC+ agreement aimed at stimulating a price rise.

US crude is not an alternative as it is overwhelmingly light and sweet, while refineries in Europe are equipped to process heavier grades as well as light ones to make refined products.

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