ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Mar 20 03:34

Dollar Heads for Steepest Weekly Slide Since 2013 on Yellen

A gauge of the dollar headed for the steepest weekly slide since August 2013 after Federal Reserve Chair Janet Yellen suggested the central bank was in no hurry to raise interest rates.

Mar 20 03:30

Bank of New York Mellon Will Settle Currency Trade Case for $714 Million

The Bank of New York Mellon will pay $714 million to settle accusations that it cheated government pension funds and other investors for more than a decade, federal and state authorities announced on Thursday. It is part of a deal requiring the bank to dismiss some employees and make fuller public disclosures of its foreign exchange operation.

Mar 19 15:22

Mind Boggling: Unsold Cars Wasting Away

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Mar 19 15:02

Local ice cream shop debuts new flavor, Michigan Pot Hole

This Shelby Township sweet shop recently launched a brand new flavor, Michigan Pot Hole, and plans to donate 1 percent of sales from the product to the state for road repairs.

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Mar 19 13:57

While you were sleeping: US dollar rebounds

Wall Street declined, while the US dollar regained its footing following Wednesday’s tumble, as investors reposition in the wake of the Federal Reserve’s latest comments on interest rates.

Mar 19 13:48

MONSANTO SETTLES 7 LAWSUITS AFTER 2013 GMO-WHEAT SCARE

Agrochemical giant Monsanto has settled class action lawsuits with farmers in seven states over genetically modified wheat incident in 2013. Without any admission of liability the company will pay some $350,000 in donations to agricultural schools. The agricultural biotechnology corporation announced donations of $50,000 to agricultural schools in Kansas, Missouri, Illinois, Oklahoma, Texas, Louisiana and Mississippi. The St. Louis based company also promised to reimburse a portion of the costs associated with the case. Monsanto said it can’t disclose how much that will cost.

Mar 19 13:48

Silver to trend towards $14/oz by year-end

Mar 19 13:23

Global exports:

Mar 19 09:50

10 charts that show we are much worse off than just before the last economic crisis

If you believe that ignorance is bliss, you might not want to read this article

Mar 19 09:38

Bailout is back: Fannie and Freddie likely need “additional Treasury investment” after derivatives losses

There is trouble again for federal mortgage backers and bailout queens Fannie Mae and Freddie Mac, whose failures helped to trigger the housing market collapse and subsequent 2008 economic crisis

Mar 19 09:11

Traders "Furious" Market Didn't Close Higher

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Mar 19 08:33

The US Oil Bust Just Got Worse

Mar 19 08:23

Celebrities scammed by Madoff

Five years after Bernie Madoff's sentencing, thousands of individual investors, pension funds, corporations and universities who lost big in Bernie Madoff's $50 billion Ponzi scheme are still reeling from the losses.

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Mar 19 08:00

Dennis Fetcho: Secrets of the Hidden Kosher Mark & The Rabbinical Tax

Dennis is an American expat living in Amman, Jordan, working by day as a business strategist, specializing in telecommunications, aerospace, and defense. Dennis is here to speak about the secrets of the Kosher tax along with some of the other big anti-trust issues that are corroding Western values. Dennis begins with an explanation of the Dietary Supplement Health and Education Act (DSHEA) of 1994, a deregulation law that allows the sale of supplements as food with no need for proof of effectiveness or safety, resulting in an explosion of sales. Then, he describes how Kosher food certifying organizations crept in and took advantage of the boom, creating a multi-billion dollar annual market.

Mar 19 07:51

The Rats are POURING out of DC’s Sinking Ship

As many here know, the East has been trying to formulate its banking alternatives for its member states these past several years. This is of monumental importance to Eurasian alliances, because without a network of lending institutions of their own, they’ve often been at the (lack of) mercy of the Western banking powers. For several years now, Eastern alliances such as the BRICS, have made a great deal of progress on this front.

That progress has been met with fear and loathing from DC and London, as previously, they’ve enjoyed the perks from being the world’s predatory lender through institutions like the World Bank and IMF.

During the last week however, while many of us weren’t looking, some very interesting developments have been taking place on the “grand chessboard”!

Mar 19 07:39

'Nuland Ensconced in Neocon Camp Who Believes in Noble Lie'

Victoria Nuland’s anti-Russian rhetoric comes from the neocon camp of US politics, seeking to stir the Ukraine crisis, thrilled by the prospect of defense industry expansion and more arms sales, Daniel McAdams of the Ron Paul Peace Institute told RT.

Mar 19 07:36

Ugly charts but you get the point

Mar 19 07:34

"A Chaotic Balance Of Terror" - The Greek Government's Four Scenarios

Where is the Greek government going with its approach? Is it heading for a rift with Berlin and the other creditors or kicking up dust before it achieves a compromise? Why has it dramatically reopened, even with the involvement of the prime minister, the issue of World War II reparations? Four scenarios present themselves and hold the possible answer:

Mar 19 07:34

Dollar Flash Crashes: Currency Market Pulverized As Dollar Implodes After Close

Mar 19 07:12

California public workers may be at risk of losing promised pensions

As millions of private employees lost their pension benefits in recent years, government workers rested easy, believing that their promised retirements couldn't be touched.

Now the safety of a government pension in California may be fading fast.

Feeling the heat is the state's huge public pension fund, the California Public Employees' Retirement System, known as CalPERS.

Mar 19 07:10

Jackson Browne - Lives in the Balance

Mar 19 06:55

Fed doublespeak and the dismantling of the middle class: Fed states dropping “patient” word doesn’t mean it is impatient on rates. In 1970 roughly 7 percent of all income was earned by the top 1 percent. Today it is closer to 20 percent.

The Fed has taken a page out of George Orwell’s 1984. Doublespeak is all the rage and the Fed’s statements are analyzed as if sifting for gold. Even when they don’t do anything markets jump. The Fed sets the tone on our debt addiction. The Fed dropped the word “patient” in terms of increasing interest rates but then goes on to say this doesn’t mean that it will be impatient. Say what? The Fed hints at tapering and balks because it claims there is “low inflation” but when we look at real inflation, the price of many items is shooting up dramatically. Many of these items were staples of the middle class including an affordable college education, a home, and being able to earn a good wage. Back in 1975 roughly 7 percent of all income earned went to the top 1 percent. Today it is closer to 20 percent. The last time it was this high was during the years prior to the Great Depression.

Mar 19 06:53

Jewish Labor MP Michael Danby walks out of Question Time after Prime Minister Tony Abbott's Goebbels comments

Jewish Labor MP Michael Danby walked out of Question Time, and another three were ejected, after the Prime Minister compared the Opposition Leader to Nazi propagandist and Hitler offsider Joseph Goebbels.

Tony Abbott was referring to the Opposition's budget policies and called Bill Shorten "the Dr Goebbels of economic policy".

Mar 19 06:51

Blockupy vs The European Central Bank-u-pie

The people understand the monetary system is broken and corrupt.

The “blockupy” protest against the opening of a new base for the European Central Bank (ECB) turned violent.

The mainstream media (MSM) reported police cars being set alight, stones thrown, dozens of people hurt, and 350 people being arrested as the anti-austerity demonstrators clashed with police in the German city of Frankfurt.

Mar 19 06:43

Autonomy Has Nothing to Do With It

As we can see from the above news excerpt, Cyprus is making threatening noises regarding its monetary nexus.

President Nicos Anastasiades is, in fact, in the process of removing Governor Chrystalla Georghadji. Her husband is entangled in a lawsuit with Laiki Bank and Georghadji failed to disclose it. This makes her vulnerable to removal – and Anastasiades wants to do just that.

Meanwhile, US Fed head Janet Yellen rendered the bank's latest momentous decision on interest rates on Wednesday after a Federal Open Market Committee meeting, and the verdict was remarkably ... mixed.
- See more at: http://www.thedailybell.com/news-analysis/36169/Autonomy-Has-Nothing-t...

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Mar 19 06:41

The Titanic Sinks At Dawn

A titanic quantity of derivatives – say 1,000 Trillion dollars. A derivative crash was at the center of the 2008 market meltdown. It could happen again since there is now more debt, leverage, and risk than in 2008.

A titanic accumulation of debt – global debt is approximately $200 Trillion. Global population is about 7,000,000,000 so there is about $28,000 in debt per living human being. If global debt were backed by all the gold mined in the history of the world, an ounce of gold would back $36,000 in debt. Gold currently sells for less than $1,200. Gold is undervalued and there is an excess of debt.

Mar 19 06:37

Patty Myers from Montana has a message for Sen. Alan Simpson.

Alan Simpson, the Senator from Wyoming calls senior citizens the Greediest Generation as he compared "Social Security " to a Milk Cow with 310 million teats. Here's a response in a letter from PATTY MYERS in Montana ... I think she is a little ticked off! She also tells it like it is!

Mar 19 06:27

Big public announcements and news events make it clear Khazarian rule is ending

There can be no doubt now that the global Khazarian crime syndicate is being dismantled by white hats in the US and Europe along with their BRICS allies. This can be seen in the many extraordinary events that have been taking place both in public and in secret.

Webmaster's Commentary: 

Note the politically correct use of "Khazarian."

Mar 19 06:25

Yahoo Pulls the Plug on China Operations

Yahoo Inc. is withdrawing its remaining operations in China, laying off between 200 and 300 employees and shutting down its Beijing research center, according to a person familiar with the matter.

Mar 19 05:58

10 Charts Which Show We Are Much Worse Off Than Just Before The Last Economic Crisis

If you believe that ignorance is bliss, you might not want to read this article. I am going to dispel the notion that there has been any sort of “economic recovery”, and I am going to show that we are much worse off than we were just prior to the last economic crisis.

Mar 19 03:15

Target Will Pay 10mdd To Meet Demand For Violation Of Data

In a proposed settlement of a class action lawsuit related to a massive violation of data security agreement 2013, Target Corp agreed to pay 10 million dollars.

According to a company spokesman consulted by CBS News the proposal includes the creation of an account to pay individual victims up to $ 10,000 as compensation for damages.

http://whatisusa.info/target-will-pay-10mdd-to-meet-demand-for-violati...

Mar 18 23:04

Bailout is Back: Fannie and Freddie Likely Need “Additional Treasury Investment” After Derivatives Losses

Mac Slavo
SHTFplan.com

There is trouble again for federal mortgage backers and bailout queens Fannie Mae and Freddie Mac, whose failures helped to trigger the housing market collapse and subsequent 2008 economic crisis.

The government enterprises are again turning their lowest profits since the recovery, thanks to derivatives losses – where most of the mortgage lender money is invested:

Fannie Mae will make its smallest payment to taxpayers in more than four years after large derivatives losses crimped its fourth-quarter profit, the government-controlled mortgage financier said on Friday.

With growing perils, Fannie and Freddie are again looking towards a possible bailout, and the likelihood of a short term Treasury infusion of cash. Reuters reported:

Mar 18 19:52

Debt-damned economics: either learn monetary reform, or kiss your assets goodbye (5 of 7)

*hyperlinks live at source*

The following is my high school teaching assignment for Advanced Placement Macroeconomics students (available as extra credit for other classes) on how money is created. I offer this for non-profit use; divided into seven sections:

Instructions (1 of 7)
Contextual orientation: seeing the past as clearly as possible (2 of 7)
Money and bank credit (3 of 7)
Fractional reserve banking (4 of 7)
Debt (public, private) and money supply (5 of 7)
Historical struggle between government-issued money and private bank-issued credit (6 of 7)
Cost-benefit analysis for monetary reform in your world of the present (7 of 7)
**

5. Historical struggle between government-issued money and private bank-issued credit

Mar 18 19:30

A Surprise Uptick in US Inflation

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Mar 18 19:02

Japanese QE – Epic Fail

Mar 18 18:43

Budget pledges funds for digital cash research

UK research into digital cash could get a £10m boost from government.

The plan to funnel cash into the "opportunities and challenges" of digital currencies such as bitcoin were announced in the budget.

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