ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Oct 30 12:55

Whopping 62 percent of jobs don't support middle-class life after accounting for cost of living

Despite the fact that the unemployment rate has hit a 50-year-low, most jobs across the U.S. can't support a middle-class or better lifestyle.

Oct 30 11:02

Disaster Awaits: National Debt Will Be 6 Times The Size Of The Economy

By the time a child born in 2018 reaches retirement age, the United States national debt will be six times the size of the economy according to an analysis released this week.

Oct 30 11:01

Stocks, Yuan Tumble On Report US To Announce Tariffs On All China Imports If Trump-Xi Meeting Fails

It has been a while since the market was reminded of how quickly and violently it can be rocked as a result of Trump's mood swings, and moments ago it got a quick refresher when Bloomberg reported that the U.S. is preparing to announce by early December tariffs on all remaining Chinese imports if next month's talks between presidents Donald Trump and Xi Jinping fail to ease the trade war.

As Trump had threatened previously, the latest tariff list would would apply to all imports from China that aren’t already covered by previous rounds of tariffs which would add up to $257 billion using last year’s import figures.

Oct 30 11:01

Surveillance, Economic Turmoil, and Chaos Among All Nations

The actions that are taken are a three-pronged attack in order to foster in global governance, and they are as such:

Create ubiquitous electronic surveillance with unlimited police power
Throw the entire earth into an economic tailspin

Destroy all nationalism, national borders, and create chaos among all nations prior to an “incendiary event” or series of actions that leads to a world war.

The world war is the most important part of it all, in the eyes of the globalists.

Oct 30 10:57

Iran’s major oil buyers set to defy US sanctions

As the administration of US President Donald Trump is preparing to impose sanctions against Iran’s oil exports within the next few days, indications are already appearing that certain countries are preparing to defy Washington’s pressures to halt purchases of Iranian oil.

Reuters quoted unidentified sources familiar Iran sanctions issues as saying that at least three of Iran’s top oil clients – India, China and Turkey – would resist Washington’s call to end their oil purchase plans from Iran.

The three countries, sources said, maintained that there were not sufficient supplies worldwide to replace Iranian oil volumes.

Oct 30 10:49

America's True Deficit: US To Borrow Over $1.3 Trillion In 2018

Confirming recently reduced estimates of US debt borrowing needs - mostly as a result of new funds brought in via Trump's trade tariffs - the Treasury Department today lowered its estimates of fourth-quarter borrowings to $425 billion from the $440 billion forecast it made in July, while assuming an end-of-December cash balance of $410 billion, up from $390 billion 4 months ago.

The revised Treasury numbers bring the total net borrowing needs for calendar 2018 at $1.338 trillion, while borrowings for fiscal year 2018 (which ended on Sept. 30) amounted to just under $1.2 trillion.

The Treasury also released its first estimate of borrowing needs for the January – March 2019 quarter, which it expects to hit $356 billion, well below the $488 billion borrowed in the same quarter of 2018, while assuming an end-of-March cash balance of $320 billion.

Oct 30 10:29

Give them a place to park or force them out? City’s RV residents under spotlight

Officials in San Francisco City Hall are weighing solutions to a new phase of the homeless crisis, illustrated by scruffy RVs that spread from the Mission to the Bayview — some clearly empty, others with laundry bags dangling from their door handles and children’s bicycles affixed to their roofs.

Maybe the answer is to move every van to an asphalt lot with trash cans, portable toilets and electrical hookups. Or perhaps a team of outreach workers should roam the streets, coaxing people out of their vehicles and steering them into services, the same way San Francisco dismantled its big tent encampments.

Oct 30 10:28

The Fed Will Panic…

Oct 30 10:28

Ways San Francisco nickels and dimes its residents

While many of the various taxes, fees, and prices might make sense for the city's budget, they can also make you sick and tired of San Francisco's high cost of city living.

Oct 30 09:17

European markets hail Merkel’s looming exit as German chancellor

Markets across Europe surged on news that Angela Merkel will stop being German chancellor in 2021. The Monday rally was led by a surge in Merkel’s homeland, Germany.

In Frankfurt, the DAX index surged nearly two percent on the announcement. Markets in France and the UK followed with the London FTSE surging 1.72 percent and CAC40 rising 0.75 percent. Merkel made the announcement after her party showed poor results in a regional election. The news also sent the euro lower briefly against the dollar and bolstered German bond yields.

Oct 30 08:56

Greyerz: China Just Took Delivery Of A Massive Amount Of Gold From London & New York

Egon von Greyerz met with a large group of individuals from China that manage money for the elite in China.

Oct 30 08:54

BRAEXIT? BOLSONARO’S ECONOMIC GURU SLAMS SOUTH AMERICAN CUSTOMS UNION

New Brazilian President Jair Bolsonaro’s “economic guru,” Paulo Guedes, has suggested that the country could head for a ‘soft Braexit’ from the continent’s fledgling EU-like supranational organisation Mercosur, the ‘Southern Common Market’.

Oct 30 04:54

SMART INVESTORS WATCH THE BUFFET INDICATOR...

Oct 29 17:13

Rising mortgages eclipse home values…

Oct 29 17:09

Decentralized Truth - aantonop


Published on Dec 16, 2017
In this talk, Andreas explores the confusion and instinctive disbelief from newcomers about how open, decentralized cryptocurrencies can scale and grow in value without the finality of approval from authorities. He also emphasises the importance of "don't trust, verify" and why we should become accustomed to uncertainty, so that we may individually discover authenticity and truth. Markets are emergent aggregations of subjective decisions.

Oct 29 14:22

Envoy: China to Continue Cooperation with Iran despite US Sanctions

Chinese Ambassador to Tehran Pang Sen underlined his country's full support and continued cooperation with Iran despite the US sanctions.
"We are strongly opposed to any unilateral sanctions. We oppose the US sanctions (against Iran). We will continue our cooperation with Iran," Pang said on Sunday.

He added that Iran and China have been in contacts and consultations in the past few months to find ways to continue their cooperation during the sanctions era.

Pang also said that Beijing supports Iran's full membership in the Shanghai Cooperation Organization.

China is one of the main customers of Iran's oil and a trade partner.

Oct 29 11:16

How To Read Your Losing Powerball Ticket

Oct 29 11:04

Three Credit Bubbles Will Sink the US

Oct 29 10:41

Trump is Right: The Fed is a Big Problem

Granted: In good times, the Fed is more or less protected from the demands of political parties. But what about the influence from ‘special interest groups' such as the banking industry on Fed policymaking? There should hardly be any doubt that the Fed caters, first and foremost, to the needs of commercial and investment banks. As the monopoly producer of the US dollar, it creates – in close cooperation with the banking community – new Greenbacks mostly via credit expansion out of thin air. In this sense, the Fed and private banks represents a cartel.

Oct 29 07:58

The best luxury money can buy you is freedom

Oct 29 06:22

A Perfect Storm Is Brewing

Oct 29 04:31

The growing US deficit: It's a revenue, not a spending problem

***
Isn't it caused by government waste? Boondoggles? Welfare? Especially from entitlements! Social Security! Medicare! Medicaid!

No. It's a revenue problem.

It's not terribly instructive to look at debt and deficits in straight-up nominative terms. It's much better to measure debt in relation to earnings because earnings are the way it gets paid back. If someone who makes $10,000 a year, has a personal debt of $100,000, it is probably quite problematic. If someone who makes $10,000,000 a year has the same debt, $10,000, it will probably disappear as soon as they pay their most recent Amex bill.

>>>

(*the rich get their tax breaks the old fashioned way .
.
they Earn them !)

Oct 28 12:16

Is Cliffhanger Market Just Beginning?

Oct 27 18:34

Gold demand up 42% as countries abandon US dollar in expectation of geopolitical shift

Demand for gold was up 42 percent year on year in the first quarter of 2018 among central banks, the World Gold Council (WGC) statistics say. Russia and Turkey are the largest net buyers.

Central banks added a net total of 193.3 tons of bullion in the half of 2018, an 8 percent increase from the 178.6 tons bought in the same period last year. This marks the strongest six months for central bank gold buying since 2015, the WGC notes.

Oct 27 18:32

Gab blamed for synagogue shooting, kicked off PayPal

Gab, a social media platform used by the Pittsburgh synagogue shooter, has been kicked off PayPal and pressured into releasing an apologetic statement for the shooter's anti-Semitic rants.

In the letter it sent to Gab, PayPal does not elaborate on how the platform violated its user agreement, explaining that it is PayPal's right to terminate service at any time for any reason – a provision hidden in many online contracts.

The alleged shooter, Michael Bowers, had accounts on Twitter and Facebook as well, but it was Gab – the (alt-)Right's favorite platform – that took all the heat for hosting Bowers' anti-Semitic rants. Gab, meanwhile, says it provided Bowers' used data to the FBI immediately when it heard of his identity, archiving his account before suspending it.

Oct 27 18:26

Global Slowdown Rattling Markets

Oct 27 10:37

Saudi Arabia to invest $5bn in Russia’s future LNG project in Arctic

Riyadh is ready to invest $5 billion in the LNG 2 (liquefied natural gas) project in the Russian Arctic, the head of Russian Direct Investment Fund (RDIF), Kirill Dmitriev, said at the Saudi Arabian investment forum on Tuesday.

Earlier, Saudi Minister of Energy Khalid al-Falih said the kingdom was considering the possibility of becoming the second biggest investor in the project led by Novatek, Russia’s biggest independent gas producer. The minister didn’t provide details on Saudi Arabia’s potential share in the project.

Oct 27 10:36

Germany Admits It Needs More from Russia Than Just Nordstream 2

As its coal and nuclear power plants are phased out German demand for gas will continue to rise as European production continues to fall. Soon Germany may need more gas than Nordstream 1 and 2 can deliver. The announced new LNG terminal is seen as a concession to Washington but it may just as easily be used by Russian LNG suppliers

Oct 27 10:36

Saudi Arabia to Invest in Russian-Chinese Wealth Fund

Riyadh is planning to provide major investments into the Russian Direct Investment Fund (RDIF) with the fund expected to be renamed, according to the head of RDIF, Kirill Dmitriev.

“In the near future, we will announce that Saudi Arabia is investing in RCIF and the fund will be renamed as the Russian-Chinese-Saudi Fund,” Dmitriev said at the Future Investment Initiative (FII), Saudi Arabia’s international investment forum.

Oct 27 10:27

Dollar demise? China & Japan ink bilateral currency swap deal worth up to $30bn

Beijing and Tokyo sealed a multi-billion dollar currency swap arrangement on Friday, aimed at enhancing financial stability and spurring business activity in both countries.

According to the Bank of Japan (BOJ), the arrangement which will last until October 25, 2021, will allow the exchange of local currencies between the two central banks for up to 200 billion yuan or 3.4 trillion yen ($30 billion).

Oct 27 10:26

Mapping the World’s New Megacities in 2030

Oct 27 10:25

THE BULL IS DYING

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