ECONOMY | WHAT REALLY HAPPENED


ECONOMY

May 05 13:19

Myth or Reality: "Sell In May"

May 05 13:10

Gundlach: Rates have bottomed

May 05 12:03

Detroit to study ways to help the poor pay water bills

While water shutoffs to Detroit households with unpaid bills are expected to resume within weeks, city officials are still trying to figure out the best way to help poor people stay up-to-date on their bills.

Webmaster's Commentary: 

"We could sell the daughters into prostitution, the sons to Blackwater, and the adults could be sold for medical experiments!"

May 05 11:45

Gregory Mannarino - Economy Going Nowhere

In terms of the so-called economic “recovery,” Gregory Mannarino of TradersChoice.net says, “We are going nowhere. We got consumer spending falling off a cliff despite the promise we heard from the mainstream that people were going to be saving cash at the pumps and we were going to be spending it on other things. . . . We got manufacturing falling off a cliff. Exports are falling off a cliff. We’re in decline. There is no doubt about it, and they bare blaming the weather and everything they can think of to try to get people to believe this is a good economy. This is the new norm, and I don’t see how people can believe the nonsense anymore. This is it. The new norm is what we have now. . . . This is a set up for a massive downside move with asset prices.”

May 05 10:48

BILL GROSS: 'This is all ending'!

May 05 10:23

Lafarge And Holcim Have Been Approved By The US Trade Commission To Merge

Bond producers Holcim and Lafarge have stowed US and Canadian antitrust supports to converge, after they consented to strip resources. Holcim said in an announcement: "...All rivalry supports vital for shutting the exchange have now been gotten in front of the normal shutting in July 2015.

http://whatisusa.info/lafarge-and-holcim-have-been-approved-by-the-us-...

May 05 10:10

The Government Declared War On The Largest Drug Cartels In Mexico

Mexico has pronounced a hard and fast hostile against the moderately new medication cartel which gave down an armed force helicopter amid a weekend of facilitated assaults over the western condition of Jalisco which provoked new concerns over the most recent heightening of the nation's medication wars.

May 05 09:59

MSN Money: Gold Could hit $9,000- $12,000 an Ounce in a currency reset

In an under-noticed article on corporate media website MSN Money last week, the outlet ran an editorial claiming that the price of gold could reach $12,000 an ounce in the case of an IMF currency reset.
The column also notes "Certainly the global central banks seem to be able to do little to help, though it might be a whole lot worse without them."

May 05 09:25

No to ‘Fast Track,’ No to Trade Treachery

May 05 09:17

Oh my God. Mortgage rates hitting 4%

May 05 08:25

Donetsk Republic Nationalizes Banks, Draws Ire Of NATO and World Banking Cartel

By Brandon Turbeville

In a tiny corner of Eastern Europe, a fledgling Republic struggling with the day-to-day hurdles of warfare and shaky ceasefires, has succeeded in doing what has long been overdue in the most powerful nation on the face of the earth – it has nationalized its out-of-control banks and put them to use for the good of the people...

May 05 08:09

IRS seizes rural convenience store owner’s career savings in another horrible abuse of civil forfeiture

“Your client needs to resolve this or litigate it,” Mr. West wrote. “But publicity about it doesn’t help. It just ratchets up feelings in the agency.” He concluded with a settlement offer in which the government would keep half the money.

May 05 07:06

Texas Legislators Attempt to Give Federal Reserve Guards Arrest Powers

Truthstream received a message last week from Rep. Jonathan Stickland about his efforts to filibuster and delay this potentially dangerous transfer of power to none other than the Federal Reserve banking system.

Bill H.B. 2346 would grant commissioned officers of the Federal Reserve some of the powers given to sworn peace officers – including powers of arrest, search and seizure – in matters taking place on Federal Reserve property or, more broadly, in matters related to the Fed.

May 05 06:51

Economic Confidence Index Down Sharply

May 05 06:36

Scott Walker Says He Would Crush What’s Left Of Unions If Elected President

Though he has yet to officially declare his bid for president, Wisconsin Governor Scott Walker is frequenting early primary states and hinting at what he would do if elected to the White House. In a recent interview with Radio Iowa, Walker said he would champion a federal version of the controversial ‘right-to-work’ law he signed earlier this year.

“As much as I think the federal government should get out of most of what it’s in right now, I think establishing fundamental freedoms for the American people is a legitimate thing and that would be something that would provide that opportunity in the other half of America to people who don’t have those opportunities today,” he said.

Webmaster's Commentary: 

I have little enthusiasm for unions, mostly from the way I was treated by the Hollywood unions during my career.

May 05 06:26

US unaware about Iran visit by oil team

The US State Department says it cannot confirm a report that an American oil delegation plans to visit Tehran within the next few days to discuss business.

May 05 06:23

Over 40 Years of Profits at Bank of ND and more on Student Debt and Postal Banking

Spend a few minutes reading the Bank of North Dakota's (BND) annual report, released just this past Friday. We've highlighted parts of it below -- it shows a state investing in its people for the long term. If you wish to know how BND does this, you are invited to participate in a 60min discussion that I will lead this Friday at 9am Pacific, Noon Eastern. Please register here.

Webmaster's Commentary: 

Public banking works for the people. Private central banking works against the people.

May 05 06:20

Baltimore Received $1.8 Billion from Obama’s Stimulus Law

The city of Baltimore received over $1.8 billion from President Barack Obama’s stimulus law, including $467.1 million to invest in education and $26.5 million for crime prevention.

President Obama claimed last Tuesday that if the Republican-controlled Congress would implement his policies to make “massive investments in urban communities,” they could “make a difference right now” in the city, currently in upheaval following the death of Freddie Gray.

However, a Washington Free Beacon analysis found that the Obama administration and Democratically-controlled Congress did make a “massive” investment into Baltimore, appropriating $1,831,768,487 though the American Recovery and Reinvestment Act (ARRA), commonly known as the stimulus.

May 05 00:13

Getting married? Get ready for a new tax bill

May 05 00:12

Are robots about to take away 18 million jobs?

May 04 20:06

20.7% of Jobs in Baltimore Are Government Jobs

May 04 19:53

Secrecy Over TPP Fuels Growing Opposition in Congress

The back-room push for the corporate-friendly Trans-Pacific Partnership (TPP) trade pact may be backfiring on its supporters, as more and more lawmakers in U.S. Congress drop their interest in the deal over its extreme secrecy.

Only members of the House and Senate are currently allowed to view the text of the deal, and even they are forbidden from discussing what it contains. As a new report from Politico published Monday details, "If you’re a member who wants to read the text, you’ve got to go to a room in the basement of the Capitol Visitor Center and be handed it one section at a time, watched over as you read, and forced to hand over any notes you make before leaving."

May 04 18:30

Experts Are Warning That The 76 Trillion Dollar Global Bond Bubble Is About To Explode

Warren Buffett believes “that bonds are very overvalued“, and a recent survey of fund managers found that 80 percent of them are convinced that bonds have become “badly overvalued“. The most famous bond expert on the planet, Bill Gross, recently confessed that he has a sense that the 35 year bull market in bonds is “ending” and he admitted that he is feeling “great unrest”.

May 04 16:01

US M2 Velocity still dropping

May 04 14:46

Secrecy Over TPP Fuels Growing Opposition in Congress

The back-room push for the corporate-friendly Trans-Pacific Partnership (TPP) trade pact may be backfiring on its supporters, as more and more lawmakers in U.S. Congress drop their interest in the deal over its extreme secrecy.

May 04 14:14

Techno-Financial Capital and Genocide of the Poorest of the Poor

It is no coincidence that the most violent assaults and invasions by the Euro-American powers have taken place against the poorest countries in each region of the world. In the Western hemisphere, the Euro-US regimes have repeatedly invaded the absolutely poorest country, Haiti, overthrowing the popularly elected Aristide government, decimating the population via a cholera epidemic spread by UN mercenary ‘peace-keepers’, killing tens of thousands of poor Haitians and rounding up thousands of protestors. The occupation continues. Honduras, the second poorest country in the region, experienced a US-backed coup d’état deposed their recently elected president and imposed a terrorist puppet regime, which regularly assassinates dissidents and landless rural workers. Peasants are dispossessed; the economy and society are in shambles with tens of thousands of Hondurans (especially children) fleeing the violence.

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